ARCO PLANS OUTLAYS OF $13.5 BILLION THROUGH 1997

ARCO plans capital spending of $13.5 billion for 1993 through 1997. Investment in Alaskan exploration and development projects is expected to account for $3.4 billion, or about 25% of the 5 year total, ARCO told analysts in New York. Non-U.S. E&D will absorb $3.7 billion, or 27%, of the 5 year program, notably for major natural gas field development projects in Indonesia and the South China Sea. ARCO Oil & Gas Co.'s 5 year budget is $1.7 billion, or 13% of the total, with development

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