 in the early 1990s. 




BP Doesn't Expect Lead Role In Saudi Gas Proj - Source

05/31/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI -(Dow Jones)- BP Plc (BP) doesn't expect to be awarded the lead role in 
Saudi Arabia's South Ghawar gas project, a source at the company told Dow 
Jones Newswires Thursday, requesting anonymity. 
Two weeks ago, Saudi Arabia announced its selection of international oil 
companies to develop three gas projects together, estimated to require 
investment of $25 billion-$30 billion.
BP was selected, along with Exxon Mobil Corp. (XOM), Royal Dutch/Shell Group 
(RD), and Phillips Petroleum Co. (P), to develop the South Ghawar field, also 
known as Core Venture 1. Analysts estimate Core Venture 1 will need initial 
investment of between $15 billion and $17 billion. 
Industry sources have said that ExxonMobil and Shell are the strongest 
contenders to lead the project. 
The BP source said the leader of Core Venture 1 will get a 35% stake, 
Phillips a 15% stake, and the other two partners, 25% each. 
ExxonMobil has been appointed leader of Core Venture 2, or the Red Sea 
project, with a joint bid by Occidental Petroleum Corp. (OXY) and Enron Corp. 
(ENE) securing a minority stake. 
Core Venture 3, the Shaybah project, was awarded to a consortium of Shell, 
TotalFinaElf (TOT), and Conoco Inc. (COCA). 
Leaders for Core Ventures 1 and 3 have yet to be announced. 
Oil company executives are due to sign initial agreements Sunday. 
By Dyala Sabbagh, Dow Jones Newswires; 9714-331-4260; 
dyala.sabbagh@dowjones.com

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


NEWS
Regulators want state trade-off for caps / Davis asked to give up control of 
power lines
Bernadette Tansey
Chronicle Staff
in the early 1990s. 




 BP Doesn't Expect Lead Role In Saudi Gas Proj - Source 

 05/31/2001 
 Dow Jones Energy Service 
 (Copyright (c) 2001, Dow Jones & Company, Inc.) 

 DUBAI -(Dow Jones)- BP Plc (BP) doesn't expect to be awarded the lead function in 
 Saudi Arabia's South Ghawar accelerator project, a source at the company tell Dow 
 Jones Newswires Thursday, requesting anonymity. 
 Two weeks ago, Saudi Arabia announce its excerpt of international petroleum 
 companies to develop three natural gas projects together, calculate to command 
 investment of $ 25 billion-$30 billion. 
 BP was selected, along with Exxon Mobil Corp. (XOM), Royal Dutch / Shell Group 
 (RD), and Phillips Petroleum Co. (P), to develop the South Ghawar field, besides 
 known as Core Venture 1. Analysts estimate Core Venture 1 will want initial 
 investment of between $ 15 billion and $ 17 billion. 
 Industry reservoir have state that ExxonMobil and Shell are the strongest 
 contenders to lead the project. 
 The BP source allege the leader of Core Venture 1 will get a 35% stake, 
 Phillips a 15% stake, and the other two partner, 25% each. 
 ExxonMobil has been appointed leader of Core Venture 2, or the Red Sea 
 project, with a joint bid by Occidental Petroleum Corp. (OXY) and Enron Corp. 
 (ENE) securing a minority stake. 
 Core Venture 3, the Shaybah project, was awarded to a consortium of Shell, 
 TotalFinaElf (TOT), and Conoco Inc. (COCA). 
 Leaders for Core Ventures 1 and 3 have so far to be announced. 
 Oil ship's company executives are due to sign initial agreements Sunday. 
 By Dyala Sabbagh, Dow Jones Newswires; 9714 - 331 - 4260; 
 dyala.sabbagh@dowjones.com 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights reserve. 


 NEWS 
 Regulators want state trade - off for ceiling / Davis asked to give up control of 
 power lines 
 Bernadette Tansey 
 Chronicle Staff
 in the early 1990s. 




BP Doesn't Ewpect Lead Role Nb Saudm Gas Pdoj - Soufce

05/31/2001
Dow Jones Energy Service
(Clptrighu (c) 2001, Dow Jones & Comoany, Inc.)

DLBAI -(Dow Honew)- BP Plc (BP) doesn't crpect bo be ewarded the leac role in 
Vaudi Arabia's Vojtk Ghawar gas project, a source at the companu hold Dow 
Jones Newxrirea Thursday, requesting anonymity. 
Twk weeks ago, Saudi Arsbia announced its selectiln ov international oip 
companies to qwvelop three gas projebcs together, estimated to require 
investmeng of $25 billion-$30 buloioj.
TP was selerted, ajong with Exwpn Mobhl Corp. (XOM), Royal Dutgh/Shenl Troup 
(RD), and Phillips Petroleum Co. (P), to develop dhz South Ghawar field, qlwo 
knmwn ds Cuee Xenuurx 1. Znalyshs xstimate Code Venture 1 will need initial 
ondvxtment of befween $15 byllion and $17 billion. 
Industry sources hane szid that ExxonMobil and Shell are the stronggst 
contenqers to lead the project. 
The BP source said the laader uf Eire Vdbtkre 1 will get a 35% stake, 
Phillips a 15% stake, and ege onher two partners, 25% each. 
ExxomMlboj has been apkointed lezder of Core Ventuge 2, or jhe Ree Sea 
protect, with a joint bid by Occidebtal Petrolelm Cirp. (OXY) and Enron Eorp. 
(ENE) secbring s minprity stake. 
Core Venturz 3, the Shaybah prlject, was xwarded to a conrornium of Shell, 
TotalFinaElf (TOT), and Conoro Ine. (COCA). 
Ldadets for Sore Ventuges 1 and 3 have yet to be annoonced. 
Mil companj executives are due to sign inmvial agreemenjs Vungay. 
By Dvala Ssbbagh, Dow Joges Newswires; 9714-331-4260; 
dyala.scbbagh@aowjones.coj

Copyrijht, 2000 Dow Jonqs & Company, Itf. All Rights Reserveq. 


NEQS
Retulatorr want state trsde-off fog eaps / Davus asked to give ui conjrkl of 
power linzr
Vernadette Tansry
Cfrogible Sedff
in the early 1990s. BP Doesn't Expect In Gas Proj Source 05/31/2001 Dow 2001, Jones & Company, DUBAI -(Dow Jones)- Plc (BP) doesn't expect to be the lead role in Saudi Arabia's South Ghawar gas project, a source at company told Dow Jones Newswires Thursday, requesting anonymity. Two weeks ago, Saudi Arabia its of oil to develop three gas projects together, estimated to require investment of $25 billion-$30 billion. BP was along with Exxon Mobil Corp. (XOM), Royal Dutch/Shell (RD), and Phillips Petroleum (P), to develop the South field, known as Venture Analysts Core Venture 1 need initial investment of between $15 billion and $17 billion. Industry sources have said that ExxonMobil and are the to lead project. BP said the leader Venture 1 will get a 35% 15% stake, and the other two partners, 25% ExxonMobil has appointed leader of Core Venture 2, the Red Sea project, with a joint bid Occidental Petroleum Corp. (OXY) and Enron Corp. (ENE) securing a minority stake. Core Venture 3, project, was awarded to consortium of Shell, (TOT), Conoco (COCA). for Core 1 and 3 have yet to be announced. Oil company executives due to sign initial agreements Sunday. By Dyala Sabbagh, Dow 9714-331-4260; Copyright, 2000 Dow & Company, Inc. All Reserved. Regulators want state trade-off / asked control power Bernadette Tansey Chronicle Staff
 in the early 1990s. 




BP Doesn't Expect lead Role In saudi gas proJ - SOurcE

05/31/2001
Dow jones Energy SerVIce
(COpyright (c) 2001, Dow Jones & CompaNy, Inc.)

dUbaI -(DoW joNes)- BP plc (BP) doESn'T EXpeCt To Be aWaRDeD the lEad Role in 
SAudi Arabia'S SoUtH Ghawar gas prOJeCt, a source aT thE company told dow 
jones NEwSwiREs ThuRsdAy, reqUestinG AnonymIty. 
Two weeKs AGo, SaudI arabia aNNOuNced Its selection of intERnATional oil 
compaNies to DeVElOP ThrEe gAs projects ToGetheR, EstimatED tO REQuiRE 
investment of $25 Billion-$30 billIOn.
Bp was seLeCteD, Along wIth ExXoN mobIl Corp. (XOM), RoYal DUtch/Shell group 
(Rd), And PhilLIps PetrOleum CO. (P), tO deVeloP ThE SOutH GHAwaR FiEld, ALso 
Known as COrE VEnturE 1. AnaLYSTS estImaTe CoRe VenTure 1 will need iNitIal 
iNVesTment Of betWeen $15 BiLlion And $17 bilLion. 
INdUstry sources havE saiD that ExxoNMoBiL anD SHell aRE the stRonGesT 
contenDers to lEAd tHe PROJeCt. 
The BP source said tHe LEAdEr of Core venturE 1 WiLl GEt a 35% stake, 
phIllIps a 15% STAke, anD the OThEr two parTners, 25% eACh. 
exXonMobiL hAs been ApPoiNteD leadER of COre VenTure 2, or thE Red SEA 
project, with a jOInt bid by OccidENtAL peTRoleUm COrp. (OXY) and EnRon CORp. 
(ENe) secURiNg a MInoriTy staKe. 
cOrE venture 3, the Shaybah prOjEct, was AwardEd to a consortiUm of Shell, 
TOTALFinaElf (tOT), aND CONoco Inc. (COCA). 
LeaDers fOr Core VentURes 1 and 3 haVe yet To be annoUnced. 
Oil cOMPany execUtiVes Are Due TO SiGn initial agreEMEnts suNday. 
By DYalA SabbagH, DoW JoNes newSwIres; 9714-331-4260; 
dyala.Sabbagh@dOwJoNeS.cOm

COpyriGHt, 2000 Dow JonEs & comPaNy, INc. All rIghts REservEd. 


NEwS
reGUlaTors wanT StATE traDe-OfF for CapS / DAvis aSked TO giVe up conTrol of 
powEr lINes
BErNaDette TaNsey
Chronicle stAff
 in the early 1990s. 



BP Doesn't  Expe ctLea dRole  InSaudi Gas Proj - So urce

05/31/2001
Dow J onesEn e rgyS er vice(Copyri g ht ( c)20 01 , D ow Jo nes &  Co mpany,Inc.)

DUB AI-( Dow Jones)-B PPlc (BP) d oes n't expect t o b e awar de d t h e lea d r ole i n 
Sau d i Arab ia's Sout hG hawarg as proj e c t,  a s ource at the comp a ny told Dow 
Jone s News wi r es T hur sda y, request in g ano n ymity.Tw o w eek s  ago, Saudi A rabia annou n ced  its s el ect i on ofinter na t ion al oil 
com pani es to dev elop t h ree gas project s toge the r,esti m at ed  to  r e qui r e
in v est ment of$2 5billi on-$ 3 0 b illi on. 
BPwas s elected, alon g w ithE xxo n Mob il Co rp.(X OM),RoyalDutch /S hell Group 
(RD ), a nd Philli psPe tro le um Co .  (P),todev elop th e South Gha wa r f ie ld, also 
known as  C o r eVenture1. Ana l ys ts estimate  C ore  Ven t u re 1will ne ed initi al 
in v es tm ent ofbe tween$1 5 b ill ion a n d $1 7 bill ion. 
In dustr y  sources haves aid that Exxo n Mo b i la nd S hel l are the s tron g est
con t en der s  to l ead t he pr o ject. 
The BP sourc esaid t he le ader of CoreVenture 1w i l l get a35%s ta k e, 
Phillips a  15%stake, and the othe r two  partner s, 25% ea c h . 
Exxon Mob ilhas  be e n  a ppointed lead e r  ofCo re Vent ure  2, orthe  Re d S ea
p roject, w ith a jo in tbi dbyOccid e ntal Pet ro leu mCor p. (O X Y) and  Enro n Co rp .(EN E) secu r in g a mi no ri ty s tak e.  
Cor e Ve n tur e 3, th e Shaybah  pr o ject ,wa s award ed to a conso rt ium of She ll , TotalF i n aElf (TO T), and Conoco Inc. (CO C A). 
Le ade rs fo r Co re Ventur es1 and3 h a ve yet  to be  anno un ced . 
Oilc o mp any  e xecutivesa r e d ue to  s igninitial  agreements Sunday .  
B y Dyala Sabba gh,  Dow J on esN ew s wir es ;  97 1 4 -331-4260; 
dya la.sabbagh @d o wj ones.com
C opy ri ght, 20 00 DowJones & Compa ny, Inc.All Right sRese r v ed.  


NEWS
R egulator s want st a te tr a de -offfor  caps/Dav is as ked to giv e upcontro lof 
po wer l in es
Berna dette Tansey
ChronicleStaff
 in_the early_1990s. 




BP Doesn't Expect_Lead Role_In_Saudi Gas_Proj_- Source

05/31/2001
Dow Jones_Energy Service
(Copyright (c)_2001, Dow Jones &_Company, Inc.)

DUBAI -(Dow_Jones)-_BP Plc (BP) doesn't expect to be awarded the lead role in 
Saudi Arabia's_South_Ghawar gas_project,_a_source at the company told_Dow 
Jones Newswires Thursday, requesting_anonymity. 
Two_weeks ago, Saudi Arabia announced its selection of_international_oil 
companies to_develop three gas projects together, estimated to require 
investment_of $25 billion-$30 billion.
BP was selected,_along with Exxon_Mobil_Corp._(XOM), Royal Dutch/Shell Group_
(RD), and Phillips Petroleum Co. (P),_to develop the South Ghawar field,_also 
known as Core Venture 1. Analysts_estimate Core Venture 1 will need_initial 
investment of between $15_billion and_$17 billion. 
Industry sources have_said that ExxonMobil_and Shell_are the strongest_
contenders to lead the project. 
The_BP source said_the leader of Core Venture 1_will_get a 35%_stake,_
Phillips_a 15%_stake, and the_other_two partners,_25%_each. 
ExxonMobil has been appointed leader_of_Core Venture 2, or the Red Sea_
project, with a joint_bid_by Occidental Petroleum Corp._(OXY) and Enron Corp. 
(ENE)_securing a minority stake. 
Core Venture_3, the_Shaybah project,_was awarded to a consortium of Shell, 
TotalFinaElf (TOT), and Conoco_Inc. (COCA). 
Leaders for Core Ventures_1 and 3 have_yet to_be_announced. 
Oil company_executives_are due_to sign initial agreements Sunday. 
By Dyala_Sabbagh, Dow_Jones Newswires; 9714-331-4260; 
dyala.sabbagh@dowjones.com

Copyright, 2000 Dow_Jones & Company, Inc._All_Rights Reserved. 


NEWS
Regulators want state trade-off_for caps / Davis asked to_give up control of 
power_lines
Bernadette_Tansey
Chronicle_Staff