Atlantic Richfield - Re End of Exploration Program

RNS No 5202m
ATLANTIC RICHFIELD CO
11th August 1998


             ARCO TO END EXPLORATION PROGRAM OFFSHORE MYANMAR

LOS ANGELES, August 11th/PRNewswire/-- ARCO (NYSE: ARC) announced today that it
will not renew its remaining exploration lease offshore Myanmar upon the
anniversary date of the lease in October.

ARCO Executive Vice President Ken Thompson, who supervises ARCO's worldwide
exploration program, said the decision was made in light of new investment
priorities resulting from the recent acquisition of Union Texas investment (UTP)
and partnership with Triton Energy Limited in a major Asian gas project.

Production Sharing Contracts for blocks M-7 and M-9 were signed in 1995 and
1996.  Two wells have been drilled on M-9, none on M-7.  ARCO elected not to
renew its option on M-7 in June.

"Although one of the two wells drilled on M-9 was a gas discovery, the scope of
this play does not warrant our continued participation, "said Thompson.  The
anniversary date for Block M-9 is October 26.

SOURCE ARCO

Note to Editors: For a menu of ARCO news releases or to retrieve a specific
release, visit ARCO's website at http://www.arco.com on the internet.

Contact: Albert Greenstein of ARCO, 213-486-3384
         Web site: http://www.arco.com.


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