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Polar Tankers Christens Tanker

Maritime Activity Reports, Inc.

October 25, 2006

Company will operate all double-hulled tanker fleet in 2007 Polar Tankers, Inc., a wholly owned subsidiary of ConocoPhillips christened the Polar Enterprise, the company’s newest double-hulled crude oil tanker. Classed by the American Bureau of Shipping, Polar Enterprise is the fifth and final Endeavour Class tanker in Polar Tankers’ U.S. flag fleet and is specifically designed to carry crude oil from Alaska to the West Coast and Hawaii. The vessel's sister ships, Polar Endeavour, Polar Resolution, Polar Discovery and Polar Adventure, were commissioned in 2001, 2002, 2003, and 2004 respectively.

The Polar Enterprise is expected to load her first cargo of Alaska North Slope crude oil in late January 2007. Northrop Grumman Ship Systems in Avondale, LA, built the state-of-the art tankers. Final outfitting is being completed at Navantia Shipyards in Fene-Ferrol, Spain, where the christening ceremony was held. Endeavour Class vessels have double hulls with 10 feet of space between the inner and outer hulls, two independent engine rooms, redundant propulsion and twin steering systems, a bow thruster and state of the art navigation systems.

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