BP to cut jobs in Alaska after oilfield disposals

BP plans to cut around 275 staff and contractor jobs in its Alaska operations in early 2015, following the sale of its interests in four oil fields in the North Slope area, according to Reuters.

BP, one of the largest oil producers in Alaska, last April announced the sale of the fields to privately held Hilcorp, though it remains committed to developing Alaska's Prudhoe Bay, the largest oil field in North America.

Reuters noted that BP has a total of 8,300 employees and contractors in Alaska. The job cuts are part of BP’s divestments to simplify its business globally.

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