statement, Enron said Wednesday it is "still open to 
constructive discussions on solutions." 
Indian officials also have been talking to some of the country's states about 
purchasing electricity from Dabhol, Bloomberg News reported Wednesday. 
The project has faced ongoing problems, almost from the time of Enron's 
initial investment in it 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. 


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