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Murkowski Applauds Results of MMS Lease Sale
Welcomes Shell back to Alaska


March 31, 2005

Alaska Governor Frank H. Murkowski Wednesday applauded the outcome of the Department of the Interior, Minerals Management Service oil and gas lease sale 195. The sale, offering offshore tracts in the Beaufort Sea, garnered 121 bids valued at over $46 million.

Shell Offshore Inc. offered a high bid of over $12 million for block 6708 of the sale.

"I want to publicly welcome Shell back to Alaska," said Murkowski. "This sale again demonstrates Alaska's competitiveness. We are working hard on the state level to ensure that Alaska is no longer an afterthought in the minds of the oil industry. With numerous oil prospects and the gasline on the horizon, Alaska can continue to contribute to the nation's energy supply for decades in the future."

The sale included approximately 9.4 million acres offshore of Alaska from the Canadian border to Barrow, including areas offshore of the Arctic National Wildlife Refuge.

"I was particularly pleased to see the heavy emphasis Shell has placed on tracts directly adjacent to ANWR," said Murkowski. "This is a strong indication of industry interest in the 1002 area."

Other bidders included ConocoPhillips Alaska, Inc. and Armstrong Alaska, Inc.

"Oil and gas activity means careers for Alaskans and money in our economy," said the governor. "My administration has been working hard to spur oil and gas development. We are pleased with the good work the Department of the Interior is doing to realize the oil and gas potential of both the National Petroleum Reserve and the Alaska Outer Continental Shelf."


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