Anchorage, Alaska (AP) - The deal to purchase BP Alaska could be delayed.
An Alaska state regulatory agency has asked for more information regarding Hilcorp Energy Company's request to keep its finances private during its $5.6 billion purchase of BP Alaska assets.
The Anchorage Daily News reported the Regulatory Commission of Alaska said Tuesday that it plans to delay a decision until March 12 following extensive public comment.
The purchase of BP's operation in the Prudhoe Bay oil field by the smaller, private company was announced in August.
The commission is overseeing the portion of the deal involving the transfer of BP’s stake in the 800-mile trans-Alaska pipeline and related pipelines.