BP Amoco ANS term price down 15 percent - May 28, 2000

Providing coverage of Alaska and northern Canada's oil and gas industryMay 2000

Vol. 5, No. 5

Week of May 28, 2000

BP Amoco ANS term price down 15 percent

Petroleum News Alaska Staff

BP Amoco’s May term price for Alaska North Slope crude is $23.96 a barrel, down $4.10 a barrel (14.61 percent) from April’s term price of $28.06 a barrel.

The April price was the highest BP Amoco’s term price has been since it stood at $28.74 a barrel in December 1990.

The term price started the year at $24.56 a barrel and the year-to-date average is $26 a barrel, compared to a comparable 1999 year-to-date average of $11.86 a barrel.

BP is this the only North Slope producer to post a term price.

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