Jim Mulva Production Quotations

It certainly could have an impact on the production and refineries that are up and running today and it certainly would have an impact on the recovery,

The acquisition of Arco's Alaskan assets represents a significant step in our strategy of growing our exploration and production business. We gain a substantial position in the two largest fields in North America, immediately form a new production center and become a major merchant supplier of crude oil to the West Coast.

This agreement provides a strong basis for us to invest in our aligned goals for increased reserves and production and in the training and development of our Libyan workforce.

We expect first-quarter net operating income to be up 75-85 percent from the same period last year. The expected increase is due primarily to increased production as a result of the company's second-quarter 2000 Alaskan acquisition.