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TRITON RECEIVES PRELIMINARY COMMITMENT FROM EXPORT/IMPORT BANK

 DALLAS, Aug. 2 /PRNewswire/ -- Triton Energy Corporation (NYSE: OIL) today announced that it has received a preliminary commitment from the Export/Import Bank of the United States to guarantee certain financing for Triton's interest in initial development of its Cusiana/Cupiagua project in Colombia.
 The guarantee covers expenditures for equipment, pipelines and other facilities manufactured in the United States for export to the Colombian project. The effective date for coverage is retroactive for purchases made since March 3, 1993. The guarantee covers financing for purchase of qualified exports of up to $33 million.
 "Securing this preliminary guarantee from the Export/Import Bank strengthens Triton's financial position and aids in future financing for the project," said Peter Rugg, senior vice president and chief financial officer. "This commitment provides another element in our overall financial plan. We continue to be well positioned to meet our obligations in Colombia and elsewhere."
 This first phase of development includes wells, facilities and existing pipeline upgrades to achieve initial production of up to 150,000 barrels of oil per day (gross) by late 1995 from the Cusiana Field. Triton holds a 12 percent working interest in the Cusiana and Cupiagua Fields, which is equivalent to a 9.24 percent net revenue interest after royalties and other interests.
 Triton Energy, headquartered in Dallas, Texas, is an international independent oil and gas exploration and production company with oil and gas interests in 12 countries.
 -0- 8/2/93
 /CONTACT: W. Greg Dunlevy or Linda Covington, 214-691-5200, both of Triton Energy/
 (OIL)


CO: Triton Energy Corporation ST: Texas IN: OIL SU: FNC

LG -- NY025 -- 8217 08/02/93 09:15 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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