BP Alaska Plans Layoffs Following Hilcorp Sale

BP Alaska, a major player in the state’s oil industry, is planning to lay off 275 employees and contractors early next year.

Spokeswoman Dawn Patience says the business in Alaska will be smaller due to the previously announced sale of interests in four North Slope oil fields to Hilcorp.

Patience says the layoffs, combined with the 200 individuals who have accepted jobs with Hilcorp., represents about 17 percent of the total number of BP employees and contractors in the state.

The company’s regional president, in announcing the sale in April, said it would allow for BP to focus on maximizing production from Prudhoe Bay and advancing plans for a major liquefied natural gas project. BP is working on the latter with the state, Exxon Mobil Corp., ConocoPhillips and TransCanada Corp.