EXHIBIT 99 FOR IMMEDIATE RELEASE September 14, 1999 ARCO, ELF SIGN AGREEMENT ON RHOURDE EL BAGUEL FIELD --------------------------------------------------- LOS ANGELES --- ARCO El-Djazair Co., a subsidiary of Los Angeles-based ARCO (NYSE: ARC), has...Production Sharing Contract • September 15th, 1999 • Atlantic Richfield Co /De • Petroleum refining
LOS ANGELES --- ARCO El-Djazair Co., a subsidiary of Los Angeles-based ARCO (NYSE: ARC), has signed an agreement with Elf Hydrocarbures Algerie, (ELF), a fully owned subsidiary of Elf Aquitaine, whereby ELF will acquire an interest in ARCO's Production Sharing Contract covering the Rhourde El Baguel Field in Algeria.
