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LCD-76-313 1 (1976-05-14)

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The Naval Petroleum


Department of the Navy




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 cus-
tody and exploration of the biggest reserve
was shifted from the Navy to the Department
of the Interior.


Reserves


MAY 14,1976


LCD-76-313


REPORT TO THE CONGRESS

                                                   ()qq3 j



BY THE COMPTROLLER GENERAL

OF THE UNITED STATES













Management Of And Plans For


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