BP EXPLORATION

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PO Box 196612
Anchorage, AK 99519-6612
(907) 743-4270
(907) 564-4955 (fax)
  • About

    BP has spent more than half a century exploring and developing Alaska’s oil and gas resources, while playing an important role in driving economic growth and supporting local communities throughout the state.
    The company began working in Alaska in 1959, started drilling at the massive Prudhoe Bay oil field in 1968, and helped build the Trans-Alaska Pipeline System in the mid- 1970s. Since Prudhoe Bay began production in 1977, it has generated more than 12.5 billion barrels of oil — far exceeding initial projections — thanks in part to enhanced oil recovery technologies that BP pioneered.
    BP has a significant business interest in Alaska’s North Slope. The company operates the entire Greater Prudhoe Bay area, which consists of the Prudhoe Bay field and a number of smaller fields. This area produces around 55 percent of Alaska’s oil and gas, and in 2016 it averaged nearly 281,000 barrels of oil equivalent each day. BP also owns interests in seven other North Slope oil fields, including Alaska’s newest oil and gas field, Point Thomson.
    BP also has spent the past few years working with industry partners and the state government to advance the Alaska liquefied natural gas (LNG) project, which, if sanctioned, would move North Slope gas to global markets. BP continues to support the state-led Alaska LNG project, and it has a joint cooperation agreement with the Alaska Gasline Development Corporation, which has assumed responsibility for technical and regulatory issues associated with the project.