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BP Exploration compiles list of Alaska prospects

Posted: Tuesday, December 03, 2002

ANCHORAGE (AP) -- BP Exploration (Alaska) Inc. has spent the last year marketing its exploration acreage on the North Slope of Alaska.

As announced earlier, the company is investing its exploration capital elsewhere in the world, including the Gulf of Mexico.

Last month, BP's head of external affairs, Pat Presley, said the company was repackaging its lease offering and submitting a more comprehensive list of prospects outside of North Slope producing units for sale to a qualified list of bidders.

Excluded from the offering was acreage in the coastal plain of the Arctic National Wildlife Refuge, the National Petroleum Reserve-Alaska, the Brooks Range Foothills and BP's offshore Liberty prospect.

''We're exploring development options for Liberty right now, so it is being excluded from acreage that were looking at giving other companies the opportunity to acquire and explore,'' BP spokesman Paul Laird told Petroleum News Alaska.

Laird said BP's list has not been finalized.

''Earlier in the year we said we were discontinuing frontier exploration in Alaska. We're focusing our efforts on our existing infrastructure, on viscous oil and working hard on prospects for gas,'' Presley said.

In January of this year, BP Exploration (Alaska) announced it was trimming its cost-of-living allowance and travel money for nearly half of its 1,200 Alaska workers.

The move came two weeks after the company announced that 195 workers in Anchorage would be laid off.



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