Bidding to win
Phillips and Anadarko take most tracts at NPR-A lease sale; TotalFinaElf spends most, bidding $53 million for 20 tracts, 17 west of exploration Kristen Nelson PNA Editor-in-Chief
Existing players in the National Petroleum Reserve-Alaska took the largest number of tracts at the Bureau of Land Management’s June 3 lease sale, but a company new to the NPR-A, TotalFinaElf E&P USA, dominated the dollar side of the sale, accounting for more than 83 percent of the apparent high bids....
[additional news subjects in this story]
No bids from BP, Chevron Middle of area attracts bidders Different than 1999 Eleven tracts at a million plus TotalFinaElf: major player around world Fifth-largest oil producer Little American production Number six in chemicals
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