Hilcorp chairman: We’re going to Venezuela
Anchorage Daily News••nation
Key Points:
- Alaska oil industry leaders Jeff Hildebrand of Hilcorp and Bill Armstrong expressed strong interest in expanding operations into Venezuela following the U.S.-led removal of Nicolás Maduro, signaling potential competition for investment between Alaska and Venezuela's oil sectors.
- Hilcorp, which operates Alaska’s largest oil field at Prudhoe Bay and supplies most of Alaska’s urban natural gas, is committed to rebuilding Venezuela’s oil infrastructure, according to Hildebrand’s remarks during a White House meeting with President Trump.
- Bill Armstrong, whose company discovered Alaska’s Pikka field, highlighted his firm’s significant land holdings adjacent to Venezuela and described the country as “prime real estate” for oil investment despite existing political and security challenges.
- In contrast, executives from larger publicly traded companies
