Chevron plans to sell Cook Inlet assets

Posted: Tuesday, October 12, 2010

Chevron announced on Tuesday that it will sell all its Cook Inlet assets owned by Union Oil Company of California and Chevron U.S.A. Inc.

M. Scott Moon
M. Scott Moon
Chevron's Monopod platform is among the Cook Inlet facilities the company hopes to sell as a package.

These include interests in the Granite Point, Middle Ground Shoals, Trading Bay and MacArthur River Fields; interests in 10 offshore platforms; interests in onshore gas fields including the Ninilchik Unit and the Beluga River Unit; and two gas storage facilities.

Additionally, Chevron will divest ITS interests in the Cook Inlet Pipe Line Company and the Kenai Kachemak Pipeline, LLC.

The company said producing properties will be offered as a single package and that, “the company expects marketing efforts to begin in the near future.”

Chevron reported that it has a workforce of approximately 450 employees and contractors in Alaska.

Calls and e-mails seeking comment on what impact the sale will have to current employees and the near future operation of Chevron assets in the Inlet were not immediately returned on Tuesday.

Read more in tomorrow’s Peninsula Clarion.

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