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TEXACO INC. SIGNS EXPLORATION AGREEMENT IN EGYPT

 TEXACO INC. SIGNS EXPLORATION AGREEMENT IN EGYPT
 CORAL GABLES, Fla., May 5 /PRNewswire/ -- Texaco Exploration Nile


Valley Inc., a wholly owned Texaco (NYSE: TX) subsidiary, has signed a concession agreement with the Egyptian government and Egyptian General Petroleum Corporation (EGPC), the national oil company of Egypt, to explore for and produce crude oil and natural gas in the Asyout Block in the Upper Egypt area.
 Encompassing 33,900 square kilometers (13,242 square miles), the concession is located in a vast under-explored frontier area of the Upper Nile Valley, about 450 kilometers (280 miles) south of Cairo. The concession was granted under the terms of a production sharing contract and is held 100 percent by Texaco Exploration Nile Valley Inc.
 Newly acquired data is currently being evaluated. Geophysical surveys are scheduled to begin in Egypt early in 1993.
 -0- 5/5/92
 /Note to Editor: A map is available upon request./
 /CONTACT: Leda Prez, 305-529-4574, or Jim Swords, 914-253-4103, both of Texaco/
 (TX) CO: Texaco Exploration Nile Valley Inc. ST: Florida, New York IN: OIL SU:


KD -- NY049 -- 6481 05/05/92 11:03 EDT
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Publication:PR Newswire
Date:May 5, 1992
Words:185
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