##### 



RETURN THIS INSTRUMENT TO:
    
    GUESS & RUDD510 L Street, Suite 700Anchorage, Alaska 99501Attn: Joseph J. Perkins, Jr.




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2




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##### 



Grantor:
    
    The Standard Oil Company200 Public SquareCleveland, Ohio 44114-2375
 3




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##### 



Grantee:
    
    BP Prudhoe Bay Royalty Trust,The Bank of New York, Trustee21 West Street, 12th FloorNew York, New York 10286Attention: Corporate Trust Department
     4




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##### 



GRANTOR:Attest:
    
    
    
    The Standard Oil Company/s/ J.M. Cesarik
    
    
    
    By
    
    /s/ J.H. RossJ.M. Cesarik,
    
    
    
    J.H. Ross, Chairman andCorporate Secretary
    
    
    
    Chief Executive OfficerGRANTEE:Attest:
    
    
    
    BP PRUDHOE BAY ROYALTY TRUSTBy The Bank of New York/s/ David G. Sampson
    
    
    
    By
    
    /s/ W.N. GitlinDavid G. Sampson
    
    
    
    Walter N. GitlinAssistant Vice President
    
    
    
    Assistant Vice President
  STATE OF OHIO
    
    ))    ssCOUNTY OF CUYAHOGA
    
    )
  [SEAL]
    
    /s/ JoAnn Motuza

Notary Public in and for OhioMy Commission Expires:
 
 STATE OF NEW YORK
    
    ))    ssCOUNTY OF NEW YORK
    
    )
  /s/ Virginia Barazotti

Notary Public in and for New YorkMy Commission Expires:
 
 5




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##### 



ORCGs
    
    RecordedPBU
    
    Lease
    
    Lands
    
    Working
    
    Book/Tract
    
    Serial No.
    
    Description
    
    Interest*
    
    Page**16
    
    ADL-25637
    
    Secs. 13,24
    
    
    50
    %
    
    42/609T12N-R10E, UM47
    
    ADL-28260
    
    Secs. 1,2,11,12
    
    
    100
    %***
    
    52/40T11N-R13E, UM25
    
    ADL-28277
    
    Secs. 26,35,36
    
    
    100
    %***
    
    52/44T12N-R13E, UM24
    
    ADL-28278
    
    Secs. 27,28,33,34
    
    
    100
    %***
    
    52/50T12N-R13E, UM23
    
    ADL-28279
    
    Secs. 29,30,31,32
    
    
    100
    %***
    
    52/56T12N-R13E, UM44
    
    ADL-28280
    
    Secs. 1,2,11,12
    
    
    100
    %***
    
    52/62T11N-R13E, UM45
    
    ADL-28281
    
    Secs. 3,4,9,10
    
    
    100
    %***
    
    52/68T11N-R13E, UM46
    
    ADL-28282
    
    Secs. 5,6,7,8
    
    
    100
    %***
    
    52/74T11N-R13E, UM57
    
    ADL-28283
    
    Secs. 17,18,19,20
    
    
    100
    %***
    
    52/80T11N-R13E, UM58
    
    ADL-28284
    
    Secs. 15,16,21,22
    
    
    100
    %***
    
    52/86T11N-R13E, UM59
    
    ADL-28285
    
    Secs. 13,14,23,24
    
    
    100
    %***
    
    52/92T11N-R13E, UM76
    
    ADL-28286
    
    Secs. 25,26,35,36
    
    
    100
    %***
    
    52/98T11N-R13E, UM
    
    
    
    
    
    29/17877
    
    ADL-28287
    
    Secs. 27,28,33,34
    
    
    100
    %***
    
    47/235T11N-R13E, UM60
    
    ADL-28305
    
    Secs. 17,18,19,20
    
    
    100
    %***
    
    47/223T11N-R14E, UM




---



##### 



ORCGs
    
    RecordedPBU
    
    Lease
    
    Lands
    
    Working
    
    Book/Tract
    
    Serial No.
    
    Description
    
    Interest*
    
    Page**74
    
    ADL-28309
    
    Secs. 27,28,33,34
    
    
    100
    %***
    
    42/336T11N-R14E, UM75
    
    ADL-28310
    
    Secs. 29,30,31,32
    
    
    100
    %***
    
    47/241T11N-R14E, UM90
    
    ADL-28311
    
    Secs. 1,2,11,12
    
    
    100
    %***
    
    47/229T10N-R14E, UM89
    
    ADL-28312
    
    Secs. 3,4,9,10
    
    
    100
    %***
    
    52/104T10N-R14E, UM101
    
    ADL-28315
    
    Secs. 13,14,23,24
    
    
    100
    %***
    
    52/110T10N-R14E, UM38
    
    ADL-28320
    
    Secs. 1,2,11,12
    
    
    100
    %***
    
    47/199T11N-R15E, UM100
    
    ADL-28330
    
    Secs. 17,18,19,20
    
    
    100
    %***
    
    52/116T10N-R15E, UM99
    
    ADL-28331
    
    Secs. 15,16,21,22
    
    
    100
    %***
    
    52/122T10N-R15E, UM110
    
    ADL-28333
    
    Secs. 25,26,35,36
    
    
    100
    %***
    
    42/341T10N-R15E, UM108
    
    ADL-28335
    
    Secs. 29,30,31,32
    
    
    100
    %***
    
    52/128T10N-R15E, UM66
    
    ADL-28339
    
    Secs. 17,18,19
    
    
    100
    %***
    
    47/193T11N-R16E, UM69
    
    ADL-28343
    
    Secs. 30,31,32
    
    
    100
    %***
    
    42/356T11N-R16E, UM111
    
    ADL-28349
    
    Secs. 29,30,31
    
    
    100
    %***
    
    42/370T10N-R16E, UM31
    
    ADL-34630
    
    Secs. 25,26,35,36
    
    
    100
    %***
    
    47/205T12N-R15E, UM
 
 *
    
    OCRG means Overriding Royalty Conveyance Grantor.**
    
    All book and page references are to the lease records of the Noatak-Kobuk
Recording District, except: (i) Lease ADL 25637 is recorded in the Miscellaneous
Records of the Fairbanks Recording District; and (iii) [sic] Lease ADL 28286 is
recorded both in the Lease Records of the Noatak-Kobuk




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##### 



Recording District (Book 52/page 98) and the Lease Records of the Fairbanks
Recording District (Book 29/page 178).***
    
    The interest of BP Exploration (Alaska) Inc. in these leases is subject to
the Net Profits Royalty Interest (excluding the Lower Lower Net Profits
Royalty Interest)(as said terms are defined in the Overriding Royalty
Conveyance).