Statement re US pipeline deal

BP PLC
12 December 2005


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 [phone]
Bill Kidd + 1 360 303-5349


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