BR ANNOUNCES DEEPWATER SURINAMEPROJECT.

HOUSTON--(BUSINESS WIRE)--Aug. 23, 1999--

Burlington Resources Inc. (NYSE:BR) through its wholly-owned subsidiary, Burlington Resources International Inc. today announced that Burlington Resources Suriname Limited, an affiliated company, has entered into an agreement with Staatsolie Maatschappij

Suriname N.V. the state owned oil company of Suriname, to explore for oil and gas in offshore deepwater Suriname. The terms of the production sharing agreement with Staatsolie calls for an initial exploration phase during which BR Suriname and its partners will acquire several thousand kilometers of seismic data. BR Suriname (35%) will operate the approximately 18,500 square mile offshore block, with partners Shell E P Suriname B.V. (35%), Totalfina Exploration Suriname (15%) and Korea National Oil Corporation (15%). John A. Williams, President of Burlington Resources International Inc. commented: "We are excited about the potential of this deepwater offshore block and have been impressed with the initiative of the government of Suriname to involve foreign capital in the further development of their natural resources. We and our partners are looking forward to starting a seismic acquisition program within the next month. By adding this block to BR's E&P portfolio we have taken another step in implementing our strategy of making Northern Latin America an important core area for our international efforts."

FORWARD-LOOKING STATEMENTS

This press release may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected is included in the Company's periodic reports filed with the Securities and Exchange Commission.