press release

Unocal assesses Lili impact; 22,000 BOE remain shut-in

Sugar Land, Texas, Oct. 8, 2002 - Unocal Corporation (NYSE: UCL) today said that it continues to assess damage to its offshore facilities from Hurricane Lili, which was rated a Category 4 storm as it crossed the company's structures in the Eastern Gulf of Mexico.

All of Unocal's production from the Western Gulf and onshore has been restored, but about 22,000 barrels-of-oil equivalent (BOE) per day produced from wells in the Eastern Gulf remain shut-in. BOE includes crude oil and natural gas.

The company is working to complete damage assessments, conduct repairs and restore production as quickly as possible.

About Unocal Corporation

Unocal Corporation is one of the world's leading independent natural gas and crude oil exploration and production companies. Unocal's principal oil and gas activities are in North America, Asia, Latin America, and the North Sea. Unocal is one of the world's largest producers of geothermal energy with operations in the Philippines and Indonesia.

Updated: October 2002