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UNION TEXAS PETROLEUM AWARDED EXPLORATION PERMIT OFFSHORE TUNISIA

 HOUSTON, Oct. 15 /PRNewswire/ -- Union Texas Petroleum Holdings, Inc. (NYSE: UTH), today reported that its subsidiary Union Texas Maghreb, Inc., has signed an oil and gas exploration permit offshore Tunisia with the government of Tunisia.
 The permit calls for a four-year exploration program on the approximate one-million-acre Ramla block. The block is situated about 80 miles offshore in the Gulf of Gabes approximately 180 miles southeast of the city of Tunis. Water depths in the area average about 200 feet.
 Union Texas, as operator, will bear 50 percent of the exploration costs with LL&E Tunisia, Ltd., a wholly-owned subsidiary of the Louisiana Land and Exploration Company, also bearing 50 percent of the exploration costs. In the event of the development of a discovery, the Tunisian government oil company L'Enterprise Tunisienne D'Activities Petrolieres (ETAP) will have the right to participate for up to a 50 percent interest. Union Texas said the companies have agreed to gather seismic data and drill a well during the first four-year term of the permit. Extensions of the permit are available under certain conditions.
 "We are very pleased to have this opportunity to explore for oil and gas offshore Tunisia," said Union Texas Senior Vice President- Exploration and Production William M. Krips. "Union Texas has been actively involved in the exploration and development of oil and gas in the international arena for more than 25 years, and we are excited about adding this new venture to our exploration portfolio."
 One of the largest independent producers located in the United States, Houston-based Union Texas Petroleum Holdings, Inc., explores for and produces oil and gas overseas primarily in the U.K. North Sea, Indonesia and other strategic areas. The company also has petrochemicals interests in the United States.
 NOTE: A map of the Ramla block is available by contacting Carol Cox at 713-968-2714.
 -0- 10/15/93
 /CONTACT: Carol L. Cox of Union Texas Petroleum, 713-968-2714/
 (UTH)


CO: Union Texas Petroleum Holdings, Inc. ST: Texas IN: OIL SU:

GK -- NY008 -- 2585 10/15/93 08:10 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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