AMENDMENT NUMBER (1) OF SOLICITATION IFB No. 3947 dated July 1, 1998

Effective Date: July 20, 1998

The hour and date of the bid opening is extended to August 7, 1998, at 1:00 PM EST

ISSUED BY: Minerals Management Service, Procurement Operations Branch, 381 Elden Street, MS-2500, Herndon, Virginia 22070-4817

The following Items are Amended:

1. Section G.1 "BIDDERS QUALIFICATIONS" Delete entire second paragraph and replace with the following: "Bidder was principally responsible for buying and selling not less than the sum of $20,000,000 (U.S. Dollars) of oil during each calendar year from 1994 through 1997."

2. Section G.8 "FINANCIAL STATEMENTS" First sentence: delete the word published and replace with the word audited.

3. Section I.5 "DISCLOSURE STATEMENT REGARDING CONFLICT OF INTEREST" Delete entire section.

4. Section H.3 "PAPERWORK ACT OF 1995 STATEMENT" Last sentence add after the word is 1010-0115.

5. Section G.3 "SUBMISSION OF BIDS" Under (c) and (e) change the date from July 31, 1998, to August 7, 1998.

6. Except as provided herein, all terms and conditions of IFB 3947, as heretofore changed, remains unchanged and in full force and effect.

Betty M. Estey

Contracting Officer

July 20, 1998