BP revises terms of $5.6 billion Alaska sale as oil crashes

(Reuters) - BP said on Monday it had amended some financial terms of a $5.6 billion sale of its Alaska business to privately held Hilcorp to reflect the recent slump in oil prices.The revised agreement retains the total consideration but adjusts the structure and phasing of the remaining payment, which includes smaller payments in 2020 and a new cash flow sharing arrangement in the near-term, the British oil major said.The original agreement provided for Hilcorp to pay $4.0 billion near-term..