Chevron will sell Cook Inlet assets

Tuesday, October 12, 2010

KENAI, Alaska — 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.

They include interests in the Granite Point, Middle Ground Shoals, Trading Bay and MacArthur River fields.

The company has interests in 10 offshore platforms, onshore gas fields including the Ninilchik Unit and the Beluga River Unit, and two gas storage facilities.

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

The company says producing properties will be offered as a single package and marketing efforts will begin soon.

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

Information from: Peninsula Clarion, http://www.peninsulaclarion.com


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