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KERR-MCGEE HAS STAKE IN NORTH SEA OIL DISCOVERY

 KERR-MCGEE HAS STAKE IN NORTH SEA OIL DISCOVERY
 OKLAHOMA CITY, July 23 /PRNewswire/ -- Kerr-McGee Corp.


(NYSE: KMG) has a 10.8 percent interest in a North Sea oil discovery announced today by the operator, Amerada Hess Corp. (NYSE: AHC). In its release, the company stated:
 "Well 15/21b-47, drilled on behalf of the P.588 license partners
 by Amerada Hess Limited has penetrated a thick oil column in the
 Upper Jurassic. A test program has been completed and
 successfully tested oil of 31.5 degrees API gravity at a rate of
 5,880 bopd on a 70/64" choke with a GOR of 625 cubic feet per
 barrel. The partnership has immediately embarked on sidetrack
 operations to determine the extent of the accumulation.
 "Consistent with the existing tradition of naming fields in block
 15/21 after literary works or characters created by Sir Walter
 Scott, the field is being named Perth."
 The P.588 license partners are:
 Amerada Hess Limited 42.084 percent
 Deminex UK Oil & Gas Limited 43.333 percent
 Kerr-McGee Oil (UK) Plc 10.833 percent
 Pict Petroleum plc 3.750 percent
 Amerada Hess said that, in collaboration with its partners, it had drilled a total of 10 exploration and five appraisal wells in blocks 15/21a and 15/21b. "Of these there have been 11 successes and only four dry holes," the company said.
 -0- 7/23/92
 /CONTACT: Dow Dozier of Kerr-McGee, 405-270-2877/
 (KMG AHC) CO: Kerr-McGee Corp.; Amerada Hess Corp. ST: Oklahoma IN: OIL CHM SU:


MC -- DV014 -- 2817 07/23/92 17:47 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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