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WEEK OF JULY 3, 2001

Mitchell Named Chief Financial Officer

Alyeska President and CEO David Wight announced Tuesday that Art Mitchell has been named as Alyeska Pipeline Service Company’s Chief Financial Officer.

As CFO, Mitchell will manage financial and accounting controls, procurement strategy, strategic planning, audits, security, information technology, and the administrative functions of the company’s business units in Anchorage, Valdez, and Fairbanks. Mitchell has served as Alyeska’s acting CFO since December 2000.

"Art has a long record in the industry and has significant Alyeska experience, including a successful stint as business manager and administration manager in Valdez. He has been actively involved in the leadership of the company and shares my commitment to an open work environment," said Wight.

Mitchell has worked for Alyeska since 1995 and has nearly 30 years of experience with the oil industry. Prior to his employment with Alyeska, Mitchell worked for BP.

Pipeline Reliability for June

June Reliability 99.92%
2001 Reliability 99.86%
June Throughput 28,853,000 BBLS
June Daily Average 962,000 BPD
2001 Throughput 182,776,000 BBLS
2001 Daily Average 1,010,000 MBPD

The pipeline reliability factor is the amount of time the pipeline is operating and available to transport North Slope Crude oil. There was one (1) proration during June which impacted the reliability factor. 06/25/01 - Incorrect MV 20,000 test procedures, which activated certain automatic controls, resulted in an unscheduled Pipeline shutdown. 22,221 barrels deferred.


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Alyeska Pipeline Service Company - P.O. Box 196660, Anchorage, AK, 99519-6660
(907) 787-8700; alyeskamail@alyeska-pipeline.com
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