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ARCO ANNOUNCES KUVLUM TEST WELL RESULTS; WELL PLANNED AT WILD WEASEL PROSPECT

 ANCHORAGE, Alaska, Oct. 6 /PRNewswire/ -- Two test wells drilled this fall on the Kuvlum prospect in the Beaufort Sea indicate that while there is a substantial accumulation of hydrocarbons, the Kuvlum discovery is not commercial as a stand-alone development, according to ARCO Alaska Inc.
 The Kuvlum discovery was announced in October 1992 by ARCO and its partners, Union Texas Petroleum, Phillips Petroleum, TOTAL MINATOME CORP., Murphy Oil and Mobil Exploration and Production U.S. Inc. The well flowed 3,400 barrels a day of 34 degree API gravity oil. The Kuvlum prospect encompasses 35,000 acres and is located about 60 miles east of Prudhoe Bay, 16 miles offshore.
 Kuvlum No. 2 and Kuvlum No. 3 were drilled this year. Kuvlum No. 2 was drilled to a total depth of 11,125 feet. It is located about three miles southwest of the Kuvlum No. 1 discovery well. The test confirmed the existence of hydrocarbon-bearing formations including the reservoir tested in the discovery well. Kuvlum No. 3 was drilled to a total depth of 8,000 feet. It is located a mile northeast of Kuvlum No. 1. The well found hydrocarbons, but not a commercial quality reservoir.
 "We continue to believe the Eastern Beaufort Sea has potential for commercial success. That's why we are pushing ahead to test the adjacent Wild Weasel prospect as soon as possible," said James M. Davis, ARCO Alaska's senior vice president for exploration and land.
 The Wild Weasel prospect, owned by ARCO and Phillips Petroleum, is located six miles south of the Kuvlum prospect. Drilling operations, using the Canmar Kulluk, could continue through early November.
 "The weather in the Eastern Beaufort has been remarkably good this year. We've completed two wells and have a chance to complete a third in the time it took to drill the Kuvlum discovery well in 1992," Davis said.
 -0- 10/6/93
 /CONTACT: Susan Reed, 907-265-6847, or Ronnie Chappell, 907-263-4102/


CO: ARCO; ARCO Alaska Inc.; Phillips Petroleum ST: Alaska IN: OIL SU:

NY-LM -- LA006 -- 9356 10/06/93 13:03 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
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