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ARCO ANNOUNCES OIL DISCOVERY IN ALASKA'S BEAUFORT SEA

 ARCO ANNOUNCES OIL DISCOVERY IN ALASKA'S BEAUFORT SEA
 ANCHORAGE, Alaska, Oct. 14 /PRNewswire/ -- ARCO Alaska Inc. and


its partners have discovered oil at the ARCO Kuvlum No. 1 exploratory well in the eastern Beaufort Sea 60 miles east of Prudhoe Bay and 16 miles offshore. The well is on federal leased acreage (OCS-Y-866 No. 1) in 110 feet of water.
 In testing, the well flowed 3,400 barrels of oil per day at a wellhead pressure of 300 pounds per square inch. Average gas-oil ratio during the test was 600 SCF of natural gas per barrel. The oil is 34 degree API gravity. Other details of the test and pay interval were not disclosed.
 ARCO and its partners are formulating plans for follow-up drilling to delineate the size of the discovery, and to determine whether it is commercial.
 The discovery well is located on the 35,000-acre Kuvlum prospect joint participation area. ARCO (NYSE: ARC) holds 50.42 percent working interest in the well. Other working interest owners are Union Texas Petroleum Alaska Inc., 20 percent; Phillips Petroleum Co., 12.58 percent; Total Minatome Corp., 12.5 percent; Murphy Oil USA Inc., 3.94 percent; Mobil Exploration and Production US Inc., 0.56 percent.
 Drilling began in mid-August using the Kulluk, a floating drill rig designed for use in Arctic waters. It is under lease from BeauDril Ltd., managed by Global Marine of Houston.
 -0- 10/14/92
 /CONTACT: Susan Reed of ARCO Alaska, 907-265-6847/
 (ARC) CO: ARCO Alaska Inc.; ARCO ST: Alaska IN: OIL SU: DSC


KJ-EH -- LA004 -- 9934 10/14/92 13:58 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
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