Chevron to Sell Cook Inlet Assets

Associated Press

Chevron says it will sell its assets in Alaska’s Cook Inlet.

The Peninsula Clarion reports Chevron announced Tuesday it will sell Cook Inlet assets owned by Union Oil Company of California and Chevron U.S.A. Inc.

The company has interests in 10 offshore platforms.

Chevron also will sell its interests in the Cook Inlet Pipe Line Co. and the Kenai Kachemak Pipeline, LLC.

The company says producing properties will be offered as a single package.

Chevron reports a work force of about 450 employees and contractors in Alaska.

Download Audio (MP3)