Management of and Plans for the Naval Petroleum Reserves
Abstract
The United States owns many billions of dollars of petroleum in reserve oilfields which are being maintained by the Navy until needed for defense. This report discusses the Navy's management of those properties and recommends improvements in Navy contract administration at the reserves. This report also discusses recent legislation to authorize production from the reserves. Under this legislation responsibility for custody and exploration of the biggest reserve was shifted from the Navy to the Department of the Interior.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 14, 1976
- Accession Number
- AD1119877
Entities
Organizations
- United States Government Accountability Office