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NEWS BULLETIN

July 10, 2003 --- Vol. 9, No. 69July 2003

Armstrong, ConocoPhillips, Anadarko win BP acreage bundles

The Alaska Department of Natural Resources Division of Oil and Gas has issued a call for new information for proposed oil and gas lease sale North Slope areawide 2000.

The call allows affected parties 60 days to submit new information that has become available since issuance of the final best interest finding for the North Slope March 17, 1998. The call for comments closes July 26. The sale is tentatively scheduled for February 2000.

The division will determine whether there is “substantial new information” which justifies a supplement to the finding.

it, adjacent to that unit,” company President Bill Armstrong told Petroleum News July 10. He said his company “has plans for the area,” which is “offshore in shallow water,” but was not yet ready to discuss those plans. Beaudo said Anadarko won a bundle in the Southeast Prudhoe area and ConocoPhillips won the Colville acreage. The three packages represent nearly half the 405,000 acres BP had left for sale outside of its North Slope producing acreage. The 12 bundles were offered to 15 oil companies, including independents, “positioned to prospect the leases,” BP said.

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