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MOBIL TO EXPLORE IN ALGERIA

 MOBIL TO EXPLORE IN ALGERIA
 FAIRFAX, Va., June 16 /PRNewswire/ -- Mobil Corporation (NYSE: MOB)


today announced that its New Exploration Ventures unit has negotiated an agreement to explore for petroleum in Algeria.
 The agreement is between the Algerian national oil company, Sonatrach, and Mobil Petroleum Algeria Inc., a wholly-owned subsidiary of Mobil Oil Corporation.
 It requires Mobil to carry out prospect and exploration work over a 3.2-million-acre area located to the northeast of the Hassi Messaoud oil field in east central Algeria near the city of Touggourt. The work, which is scheduled to start later this summer, will begin with the collection and interpretation of seismic information.
 The agreement represents Mobil's return to exploration activity in Algeria after more than 25 years.
 -0- 6/16/92
 /CONTACT: John Lord of Mobil, 703-846-2500/
 (MOB) CO: Mobil Corporation ST: Virginia IN: OIL SU:


GK -- NY019 -- 0534 06/16/92 09:33 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 16, 1992
Words:151
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