BP’s Badami field transfer now complete
BP has wrapped up the sale of the Badami pipeline system to Nutaaq Pipeline LLC.
Nutaaq is a partnership of Savant and Arctic Slope Regional Corp.
Badami is the easternmost producing oil field on Alaska’s North Slope.
Two pipelines crossing state land support Badami. One is a sales oil line that ties into the Endicott pipeline to the west. The other is a multipurpose utility line that parallels the oil line.
Savant and ASRC in early 2012 acquired the Badami field from BP, and the pipeline transfer is a follow-up to that deal.
BP’s Anchorage spokeswoman, Dawn Patience, provided this statement to Petroleum News:
“On Thursday, Feb. 6, BP Transportation (Alaska) Inc. completed the final transfer of the Badami oil and products pipelines to Nutaaq Pipeline LLC. This completes the handover of the Badami field/assets to a new operator that we hope will continue to develop the Badami resources for the benefit of Alaska.”
The Badami oil pipeline will be of increased importance in coming years, as it will carry production from ExxonMobil’s Point Thomson field now under construction farther east on the Slope.