BRITISH GAS PLANS U.S. EXPLORATION

British Gas will make its first move into U.S. exploration in joint ventures with units of Broken Hill Pty. Ltd. of Australia and ARCO in the Gulf of Mexico and Gulf Coast. Letters of intent cover joint exploration onshore and offshore Texas with BHP Petroleum (Americas) Inc. and exploration and development onshore and offshore Louisiana and Alabama with ARCO. British Gas said it picked BHP and ARCO as partners because of their established acreage positions and record of exploration success in

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