SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
for the period ended 12 December, 2005
BP p.l.c.
(Translation of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No |X|
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The following press release was issued in the USA at 0800 PST today.
BP Partners with Enbridge Inc on Olympic Pipe Line Ownership
December 12, 2005 - Renton, WA - BP, operator of Olympic Pipe Line, announced
today that it has partnered with Enbridge Inc, who will now, for a consideration
of US$101.9 million, own a majority - 65% share - of Olympic. Enbridge and
BP will seek any necessary state and federal approvals regarding the
transaction.
"BP retains complete operatorship of the pipeline, as it does today," said Chris
Maudlin, Olympic's President. "The day-to-day operations of the Olympic Pipe
Line will continue unchanged and BP will continue to operate the pipeline with
safety as our top priority."
Enbridge Inc., is a leader in energy transportation and distribution in North
America and internationally. As a transporter of energy, Enbridge operates the
world's longest crude oil and liquids transportation system, in Canada and the
U.S.
BP's shareholder representative Bobby Talley said, "We have found a partner in
Enbridge that shares our vision and commitment to safe and quality operations,
a cornerstone of our pipeline operations across North America and around the
world."
Olympic plays a major role in the transportation infrastructure of the Western
USA, supplying up to 325 thousand barrels of fuel per day for the citizens of
Seattle and other metropolitan areas up and down the I-5 corridor.
It is the major supplier of jet fuel to Sea-Tac International Airport and
Portland International Airport as well.
BP Pipelines (North America), Inc. adheres to the highest standards of safety
and has taken comprehensive steps to meet and exceed current state and federal
pipeline safety and environmental regulations.
Further information:
Michael Abendhoff +1 360)371-1519
Bill Kidd + 1 360 303-5349
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BP p.l.c.
(Registrant)
Dated: 12 December, 2005 /s/ D. J. PEARL
..............................
D. J. PEARL
Deputy Company Secretary