RNS No 9958e
ATLANTIC RICHFIELD COMPANY
6th October 1998

        ARCO Increases Its Interest in Dubai's Margham Field

LOS ANGELES, Oct. 6 --- ARCO Dubai Inc. has acquired Gulfstream
Resources Canada Limited's 25% beneficial interest in the Margham field of
Dubai, effective as of September 30, 1998.  This acquisition brings ARCO's
interest in the Margham field to 100%.

ARCO and Gulfstream are also entering into a cost-sharing agreement for the
upstream development of a Qatar natural gas project, subject to the satisfaction
of certain conditions including the execution of a satisfactory gas sales
agreement with a third-party buyer.

ARCO Dubai is a wholly-owned subsidiary of ARCO (NYSE: ARC).

NOTE TO EDITORS:  For a menu of ARCO's news releases or to retrieve a specific
release, visit the site at http://www/arco.com on the World Wide Web.

Contact: Tom Goff of ARCO Media Relations 213 486 3384

END

ACQANSKKWUKRRAA
Atlantic Coal (LSE:ATC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Atlantic Coal Charts.
Atlantic Coal (LSE:ATC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Atlantic Coal Charts.