Triton Acquires 38% Interest in Two Blocks Offshore Gabon

DALLAS - July 27, 2000 Triton Energy Limited has acquired a 38% interest in the Tolo and Otiti blocks offshore Gabon. The Company's partners in the two blocks are Australia-based Broken Hill Proprietary Company Limited (BHP), the operator, and Sasol, a South African company. The agreement is subject to approval by the government of Gabon. Triton did not disclose terms of the agreement.

Several prospects that have been defined and evaluated using 3D seismic are ready to drill. The new partnership plans to drill its first well in approximately 5,400 feet of water on the Tolo Block in 2001.

The two blocks cover approximately 1.7 million acres and represent an extension of the deepwater Cretaceous fairway south of Triton's Ceiba discovery offshore Equatorial Guinea and north of the highly productive Ogooue Delta region offshore Gabon. Water depths on the acreage range from approximately 650 feet to 6,500 feet.

``This new venture more than doubles Triton's gross acreage position offshore West Africa to nearly 3 million acres in this highly productive play fairway,'' said James C. Musselman, Triton President and Chief Executive Officer.

``Being a part of this project is another major step for us to build a diversified and enduring business in the Gulf of Guinea through the drill bit. The blocks are south of and on trend with our Ceiba discovery offshore Equatorial Guinea. In Gabon, the deepwater fairway is undrilled, so we are attracted by the area's significant exploration potential.''

Triton Energy Limited is a Dallas-based international oil and gas exploration and production company with major oil and gas assets in West Africa, Latin America and Southeast Asia. More information about Triton can be found at the Company's web site, www.tritonenergy.com

SAFE HARBOR STATEMENT: Certain statements in this news release, other than historical information, may be regarded as ``forward-looking statements'' within the meaning of the U.S. Securities Litigation Reform Act. They are subject to various risks and uncertainties, such as the timely completion, costs and result of exploration, and appraisal and development activities. These are discussed in detail in the Company's Securities and Exchange Commission filings, including the report on Form 10-Q for the quarter ended March 31, 2000. Actual results may vary materially.