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TUESDAY, JUNE 4, 2002

Four oil companies bid a total of $63.8 million for oil and gas leases in Alaska's National Petroleum Reserve-Alaska, the Bureau of Land Management announced Monday.

The leases cover 579,269 acres in the northeast corner of the NPR-A. The largest bidder was French oil company TotalFinaElf with $52.9 million.

NPR-A includes Native-owned fee lands in a separate area not covered by the sales announced yesterday.

Get the Story:
French oil giant bids big in Alaska (The Anchorage Daily News 6/4)
Major French oil company shells out $52.9 million in NPR-A lease sale (AP 6/4)

Relevant Documents:
BLM Press Release | Lease Sale Map | Lease Sale Figures

Related Stories:
Alaska reserve oil estimates revised (5/17)