NEWS BULLETIN

January 04, 2000 --- Vol. 6, No. 1January 2000

Semco Energy replaces Barnes as head of Enstar

Semco Energy Inc. said Jan. 4 that Barrett Hatches has been named the new president of Enstar Natural Gas Co. in Anchorage, replacing Dick Barnes, effective Jan. 3.

The announcement was made by William L. Johnson, Semco Energy's chairman and CEO. "Semco Energy is fortunate to have someone with Barrett Hatches' capabilities taking on the formidable task of replacing Dick Barnes in the Enstar leadership," Johnson said. He said that "Barnes has been a tremendous asset to the company and to the Anchorage community. I have every confidence that Mr. Hatches will continue to uphold that high standard," Johnson said.

Barnes has been offered a contract position with the company.

Hatches joined Semco Energy in 1997. He has been the company's senior vice president of human resources and public affairs. Prior to joining Semco Energy, Hatches was vice president of administration for V. Robinson & Co., a Kansas City, Mo., management consulting firm. He also previously held management positions with North American Salt Co., Missouri Gas Energy and the Santa Fe Railroad. Hatches officially took over as president of Enstar on Jan. 3.

BP Amoco's ANS January term price up 4 percent

BP Amoco's January term price for Alaska North Slope crude is $24.56 a barrel, up 4.02 percent from December's term price of $23.61 a barrel, and up 162 percent from the January 1999 price of $9.37 a barrel.

BP's ANS term price averaged $16.49 a barrel in 1999, compared to a 1998 calendar year average of $13.14 a barrel.

BP Amoco is the largest producer of ANS crude and the only producer to post a term price.

BP joins ARCO-led Alaska NS LNG sponsor group

BP Exploration (Alaska) Inc. has become a 12 percent partner in the Alaska North Slope Liquefied Natural Gas Sponsor Group.

"BP's extensive North Slope lease holdings and operations as well as worldwide project experience will bring valuable resources to bear on our efforts and is a welcomed addition," said David Lawrence, board chairman of the sponsor group and ARCO gas manager, in a Jan. 4 statement.

The Alaska North Slope LNG Sponsor Group was formed 14 months ago to develop a commercially competitive Alaska LNG project for the East Asian marketplace. The group is studying the feasibility of a 7 million ton per year LNG export project located on Cook Inlet or in the Port of Valdez, with project enlargement possible when market conditions justify.

"We are very pleased to be part of the sponsor group," said Ken Konrad, who will lead BP Exploration (Alaska)'s newly formed Alaska gas business unit when the combination with ARCO is completed. "Participation in the effort to develop a competitive Alaska LNG project is consistent with our commitment to pursue all options to commercialize Alaska gas."

The sponsor group includes ARCO Alaska (approximately 30 percent ownership); Foothills Pipe Lines Ltd. (25 percent); Marubeni Corp. (19 percent); Phillips Petroleum Co. (14 percent) and BP Exploration (Alaska) (12 percent). BP Exploration Alaska will inherit ARCO's interest in the sponsor group when the proposed combination with ARCO wins regulatory approval.


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