NEWS BULLETIN

June 14, 2000 --- Vol. 6, No. 24June 2000

Malone named BP Amoco regional president

Alyeska Pipeline Service Co. President and CEO/COO Bob Malone has been named BP Amoco's regional president, Western United States, Alyeska said June 14. The company said Malone will continue to be involved in Alaska issues in his new role.

Alyeska Senior Vice President Dan Hisey has been named chief operating officer and will serve as acting president and CEO until a new president is named.

A search for Malone's replacement is under way, Alyeska said, and an announcement is expected shortly.

Malone has worked for seven years on pipeline-related issues including the last four years as president of Alyeska Pipeline. During his tenure, the company said, Malone changed the relationship between the TAPS Owners Committee and Alyeska and established an open culture in which employees could bring concerns forward.

Malone serves on the University of Alaska Board of Regents, as a trustee for the Alaska Children's Trust, as a director of the Alaska Oil and Gas Association and on the board of the Nature Conservancy of Alaska.

"We have appreciated Bob's leadership and his unflagging commitment to the success of Alyeska and its employees, as well as the significant improvements that have been made during his tenure," said Dick Rabinow, president of ExxonMobil Pipeline Co. and chair of the TAPS Owners Committee.

"Bob's demonstrated leadership and his experience working in Alaska are important assets as he rejoins BP Amoco," said Rodney Chase, group deputy CEO of BP Amoco. In his new position, Malone will be based in Los Angeles and report to Chase.

Alyeska said a search will begin immediately for Hisey's replacement in the Valdez business unit. Hisey joined Alyeska Pipeline as an employee one year ago following 19 years with ARCO, 15 of which were in Alaska. During his tenure in Alaska, Hisey spent four years on loan to Alyeska working in pipeline operations.

Foothills preliminary best interest finding out

Comments are due Aug. 14 on the state's preliminary best interest finding for the proposed North Slope foothills areawide oil and gas sale.

The preliminary finding was issued June 14 by the Department of Natural Resources Division of Oil and Gas. The sale covers an area of approximately 7.8 million acres in the North Slope borough and includes all unleased state land between the Arctic National Wildlife Refuge and the National Petroleum Reserve-Alaska south of the Umiat River meridian baseline to the Gates of the Arctic National Park and Preserve.

There are 1,382 tracts ranging in size from 640 to 5,760 acres. The exact amount of the net leasable acreage in each tract will not be determined until after bids are received. After the sale, the division will complete a comprehensive evaluation of the lands within the tracts receiving bids to determine which lands are available for lease. Acreage not owned by the state, already subject to an oil and gas lease or clouded by title claims will be excluded.

A preliminary tract map is available on the division's web site: www.dog.dnr.state.ak.us/oil/.


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