BP Amoco PLC - Re BP AMOCO-ARCO Deal

RNS No 2505p
BP AMOCO PLC
29 September 1999


EUROPEAN COMMISSION APPROVES BP AMOCO-ARCO DEAL

The Competition Directorate of the European Commission today gave its approval
to the proposed combination between BP Amoco and ARCO on condition that the
companies dispose of certain ARCO gas infrastructure assets in the UK southern
North Sea. BP Amoco and ARCO have indicated their agreement to do so.

Sir John Browne, BP Amoco group chief executive, said: "The Commission's
approval is a significant further step in our progress towards a successful
completion of the combination with ARCO.

"In the past few weeks, shareholders of both companies have given overwhelming
support to the proposal. We continue our constructive dialogue with the US
authorities and remain confident that we can meet our target of completion of
the deal before the end of the year."

Note to Editors:

The assets which the European Commission has required be disposed are ARCO's
share in the Thames, the Hewett and the Caister-Murdoch pipelines as well as
ARCO's share in the gas processing terminal at Bacton.


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