New Gas Field

BP Amoco PLC
26 September 2000


BP DISCOVERS MAJOR NEW GAS FIELD IN TRINIDAD

BP  announced today that it has discovered a major new
natural  gas  field offshore Trinidad and Tobago.

The  initial well on the Red Mango field, located 35 miles east of Galeota
Point,  indicated  gas volumes of some three trillion cubic  feet  and  90
million  barrels of oil condensate, making it the largest discovery yet made
in Trinidad and Tobago and BP's second major gas find in the area this year.

In  oil  equivalent terms, the discovery is estimated to contain resources of
some 630  million barrels.  The company said it will shortly begin
appraisal work to  define the exact size of the find.

Summarising  highlights from an upstream presentation to oil  analysts  in
Houston  scheduled for later today, the company also confirmed two further oil
discoveries offshore Angola in the past two months.

The  first,  Saxi-1, in block 15 where BP has a 26.67 per cent  stake  and
ExxonMobil is operator. The second, Perpetua-1 in block 17, is operated by TFE
with BP holding a 16.67 per cent stake.

In the deepwater Gulf of Mexico, BP said it had to date discovered resources
estimated at 3.5 billion barrels and its deepwater  production  is currently
running at some 200,000 barrels a day of oil equivalent.  Output is  targeted
to double by 2004 and to hit around 750,000 barrels a day  by 2007.

BP  also disclosed a strong drive to grow its North American gas position, as 
part of a three-year target - outlined to analysts last July - to grow
worldwide gas production by between eight and ten per cent a year.

It  plans  to  spend  an  annual $1.5 billion to find and  develop  North
American gas - from an intended overall exploration and production spend in
the  US and Canada of $3 billion a year over the next three to four years.

BP  is  the number one natural gas supplier and holder of
gas reserves  in North  America  which currently accounts for 58 per cent
of its  worldwide gas production.