BP-Husky jvs finalised

BP PLC
31 March 2008



press release


March 31, 2008


                          BP AND HUSKY ENERGY FINALISE

                           NORTH AMERICAN ENERGY DEAL

BP and Husky Energy confirmed today that the formation of two 50/50 joint
ventures has received the necessary regulatory approvals and has been completed
on schedule. One of the joint ventures will develop the Sunrise oil sands
project in Alberta, Canada, and the other will reposition and operate the Toledo
refinery in Ohio, US. The effective date for the transaction is January 1, 2008.


                                    - ENDS -

Further media information:

BP, London                           [phone]

BP, Calgary                          [phone]

BP, Toledo                           [phone]

Husky Energy, Calgary                [phone]




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