SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
dated January 14, 2000
BP AMOCO p.l.c.
(Translation of registrant's name into English)
BRITANNIC HOUSE, 1 FINSBURY CIRCUS, LONDON, EC2M 7BA, ENGLAND (Address
of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No x
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THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE
PROXY STATEMENT/PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM F-4
(FILE NO. 333-10588) OF BP AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE
REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-9790) OF BP AMOCO p.l.c., THE
PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM F-3 (FILE NO.
33-39075) OF BP AMERICA INC. AND BP AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE
REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 33-20338) OF BP AMERICA INC. AND BP
AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM F-3
(FILE NO. 33-29102) OF THE STANDARD OIL COMPANY AND BP AMOCO p.l.c., THE
PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO.
33-21868) OF BP AMOCO p.l.c., THE PROSPECTUS INCLUDED IN THE REGISTRATION
STATEMENT ON FORM S-8 (FILE NO. 333-9020) OF BP AMOCO p.l.c., THE PROSPECTUS
INCLUDED IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-9798) OF BP
AMOCO p.l.c., AND THE PROSPECTUS INCLUDED IN THE REGISTRATION STATEMENT ON FORM
S-8 (FILE NO. 333-79399) OF BP AMOCO p.l.c., AND TO BE A PART THEREOF FROM THE
DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY
DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
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The following document (bearing the exhibit number listed below) is furnished
herewith and made part of this Report pursuant to the General Instructions for
Form 6-K.
Exhibit
1. Press Release dated January 13, 2000, entitled 'BP Amoco and Arco Re-start
Moves to Close Combination'.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BP AMOCO p.l.c.
(Registrant)
Dated: January 14, 2000 By: /s/ P.J. CLAYTON
Deputy Company Secretary
BP AMOCO AND ARCO RE-START MOVES TO CLOSE COMBINATION
BP Amoco and Atlantic Richfield Co (ARCO) said today they intend to take the
next formal step towards closing the combination of the two companies. They
accordingly propose to re-start the required 20-day notice, suspended on
November 2, 1999, to the US Federal Trade Commission (FTC).
The FTC has to date expressed concerns about the combination - concerns which
are not shared by the companies.
Whilst the companies firmly believe the combination would enlarge rather than
adversely affect competition, they have offered, but failed to get FTC
acceptance for, a range of measures designed to meet the FTC's expressed
concerns.
The companies accept that re-triggering the notice could prompt the FTC to seek
resolution of the issues through litigation. The companies however remain ready
to pursue a constructive solution and a meeting has been arranged with the FTC
tomorrow (Friday, January 14, 2000) to discuss next steps.
Notes to Editors:
o BP Amoco and ARCO's proposed $26.8 billion combination was announced on
April 1, 1999, with synergies and cost-savings estimated at $1 billion
a year
o Currently, BP Amoco neither refines nor markets on the US West Coast
o Alaska North Slope (ANS) crude is part of the world crude market, as
shown by the fact that its prices closely correlate with the prices of
other major crudes with which it competes in the global crude market
o In December 1999, BP Amoco secured Alaskan agreement for the deal after
agreeing a package of measures with Governor Tony Knowles which
included divestments of 175,000 barrels a day of Alaskan production and
620,000 acres of state and federal explorations lands, along with the
sale of a matching stake in the Trans-Alaska pipeline and the sale or
transfer of Jones Act ships to buyers of production - actions
facilitating the entry of one or more major new operators in the state
o Total ANS output from all Alaskan producers, amounting to over one
million barrels a day, meets some 40 per cent of US West Coast
refiners' needs, with the balance supplied from Californian production
and imports
o The companies have also made a number of additional offers to meet the
FTC's concerns, including the proposed allocation of a further 210,000
barrels a day to third-party buyers under long-term contracts
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o Net of oil royalties to Alaska, BP Amoco and ARCO between them supply
some 700,000 barrels a day of ANS. Including the royalty volumes sold
on behalf of the state, but after the disposal of 175,000 barrels a day
agreed with Alaska and the proposed allocation of a further 210,000
barrels a day to third-party buyers under long-term contracts, the oil
available to the combined company would fall to some 400,000 barrels a
day, just sufficient to meet the daily ANS requirement for ARCO's US
West Coast refineries
o In December the company met the concerns of the Governor of California
with an assurance that BP Amoco would maintain ARCO's high-volume,
low-price marketing strategy and a pledge to eliminate MTBE as an
additive to the gasoline produced at ARCO's Californian refinery, a
year earlier than mandated.
