U.S. Department of the Interior

Minerals Management Service

Office of Communications

FOR RELEASE: May 21, 1998 CONTACT: Anne-Berry Wade

(202) 208-3985

Barney Congdon

(504) 736-2595

MMS AWARDS ROYALTY RELIEF TO SECOND

DEEP WATER FIELD IN THE GULF OF MEXICO

Today, the U.S. Department of the Interior’s Minerals Management Service (MMS) announced that deep water royalty relief has been granted to Amoco for the Mississippi Canyon Block 84 Field. Royalties will be suspended on the first 87.5 million barrels of oil equivalent produced from the field, nicknamed King.