================================================================================
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                            -------------------------
                                   SCHEDULE TO
                                (Amendment No. 2)
                             Tender Offer Statement
    Under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934
                            -------------------------
                              Triton Energy Limited
                            (Name of Subject Company)
                            -------------------------
                            Amerada Hess Corporation
                          Amerada Hess (Cayman) Limited
                            (Names of Filing Persons)

                   Ordinary Shares, Par Value $0.01 Per Share
                         (Title of Class of Securities)

                           G90751101: Ordinary Shares
                           ---------------------------
                      (CUSIP Number of Class of Securities)
                            -------------------------
                           J. Barclay Collins II, Esq.
                  Executive Vice President and General Counsel
                            Amerada Hess Corporation
                           1185 Avenue of the Americas
                            New York, New York 10036
                                 (212) 997-8500
            (Name, Address and Telephone Number of Person Authorized
       to Receive Notices and Communications on Behalf of Filing Persons)
                            -------------------------
                                   Copies to:
                            Timothy B. Goodell, Esq.
                               Gregory Pryor, Esq.
                                White & Case LLP
                           1155 Avenue of the Americas
                            New York, New York 10036
                                 (212) 819-8200


CALCULATION OF FILING FEE

================================================================================
 Transaction Valuation*                                  Amount of Filing Fee
- --------------------------------------------------------------------------------
   $ 2,891,688,585                                            $ 578,337.78
================================================================================
*    Based on the product of (i) $45.00 per ordinary share and (ii)  64,259,753,
     the estimated maximum number of Triton Energy Limited ordinary shares to be
     received by the Offeror in the Offer.

/X/ Check the box if any part of the fee is offset as provided by Rule 0-11 (a)
(2) and identify the filing with which the offsetting  fee was previously  paid.
Identify the previous filing by registration  statement  number,  or the Form or
Schedule and the date of its filing.

    Amount Previously Paid:  $578,337.78
    Form or Registration No:  005-49539
    Filing Parties:  Amerada Hess Corporation and Amerada Hess (Cayman) Limited
    Date Filed:  July 17, 2001

/_/ Check   the   box   if   the   filing   relates   solely   to   preliminary
    communications  made  before  the  commencement  of a tender  offer.
Check the  appropriate  boxes below to designate any  transactions  to which the
statement relates:
/X/ third-party  tender offer  subject to Rule 14d-1.
/ / issuer tender offer subject  to  Rule  13e-4.
/ / going-private  transaction  subject  to  Rule  13e-3.
/X/ amendment  to Schedule  13D under Rule  13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: /_/
================================================================================



     This  Amendment No. 2 to Tender Offer  Statement on Schedule TO ("Amendment
No. 2") amends and  supplements  the Tender Offer Statement on Schedule TO filed
with the Securities and Exchange Commission on July 17, 2001 ("Schedule TO"), as
amended by Amendment No. 1 filed July 30, 2001, by Amerada Hess (Cayman) Limited
("Purchaser"),  a  company  limited  by shares  organized  under the laws of the
Cayman  Islands  and a  wholly-owned  subsidiary  of  Amerada  Hess  Corporation
("Amerada Hess"), a Delaware corporation,  relating to the offer to purchase all
unconditionally  allotted or issued and fully paid  ordinary  shares,  par value
$0.01 per share,  of Triton Energy Limited  ("Triton") and any further  ordinary
shares  which are  unconditionally  allotted or issued and fully paid before the
date and time on which the Offer  (as  defined  below)  expires  (including  the
associated Series A junior participating  preferred share purchase rights issued
pursuant to the Rights  Agreement,  dated as of March 25,  1996,  by and between
Triton and Mellon Investor Services LLC, as amended)(the  "Ordinary Shares"), at
a price of U.S.  $45.00  per  Ordinary  Share,  on the terms and  subject to the
conditions  set forth in the Offer to Purchase,  dated July 17, 2001 (the "Offer
to Purchase"), a copy of which is attached as Exhibit (a)(1) to the Schedule TO,
and in the related Letter of Transmittal, a copy of which is attached as Exhibit
(a)(2) to the Schedule TO (which,  as they may be amended and supplemented  from
time to time,  together  constitute the "Offer").  This Amendment No. 2 is being
filed on behalf of Purchaser and Amerada Hess.

Item 7.  Source and Amount of Funds or Other Consideration

     The  following  text  is  added  after  the  fourth  paragraph  of  Section
9--"Source and Amount of Funds" on page 28 of the Offer to Purchase:

     "On July 30, 2001,  Amerada Hess entered into a definitive Credit Agreement
     with Citibank  relating to the Revolving  Facility  (the  "Citibank  Credit
     Agreement").  Pursuant to the Citibank Credit  Agreement,  borrowings under
     the Revolving  Facility will bear interest at a rate per annum equal to (at
     Amerada Hess'  election) (i) the  administrative  agent's base rate or (ii)
     the London  Interbank  Offered  Rate (LIBOR) plus a margin of 42.5 to 115.0
     basis points on Eurodollar borrowings.  There is also a facility fee on the
     Revolving  Facility  at a rate of 7.5 to 35.0 basis  points per annum and a
     utilization  fee of 5.0 to 25.0 basis  points on the facility to the extent
     more than  one-third  utilized.  The margins and such fees will be based on
     Amerada  Hess' public debt ratings  (rather  than Amerada  Hess'  long-term
     senior  unsecured  non-credit-enhanced  debt ratings as contemplated in the
     commitment letter).  Borrowings under the Revolving Facility may be made on
     the first  date that  certain  conditions  precedent  have been  satisfied,
     including  that the  Purchaser  shall have  accepted for payment at least a
     majority  of the  outstanding  Ordinary  Shares on a fully  diluted  basis.
     Amerada Hess has agreed to pay certain  expenses of, and provide  customary
     indemnities for,  Citibank.  The Citibank Credit Agreement  incorporates by
     reference all of the terms and conditions of Credit  Facility A (as defined
     below) (including conditions, representations and warranties, covenants and
     events  of  default)  not  otherwise   addressed  in  the  Citibank  Credit
     Agreement. The foregoing summary of the Revolving Facility and the Citibank
     Credit  Agreement  is qualified in its entirety by reference to the text of
     the Citibank Credit Agreement, a copy of which has been filed as an exhibit
     to the Schedule TO relating to the Offer which the Purchaser has filed with
     the  Commission.  The Citibank  Credit  Agreement  may be inspected at, and
     copies may be obtained from, the same places and in the manner set forth in
     Section 7--"Certain Information Concerning the Company.""

Item 11.  Additional Information



     Section 15--"Certain Legal Matters;  Regulatory Approval" on pages 57-59 of
the  Offer to  Purchase  is hereby  amended  and  supplemented  to  include  the
following  text  after the third  paragraph  under  the  subsection  "Regulatory
Approvals" on page 59 of the Offer to Purchase:

     "On July 27, 2001, the Purchaser  received notice from the FTC of the early
     termination  of the  waiting  period  under  the HSR Act,  relating  to the
     proposed acquisition of the Company."

Item 12.  Exhibits.

Exhibit No.       Description

Exhibit (a)(1)    Offer to Purchase.(1)

Exhibit (a)(2)    Letter of Transmittal.(1)

Exhibit (a)(3)    Notice of Guaranteed Delivery.(1)

Exhibit (a)(4)    Guidelines for Substitute Form W-9.(1)

Exhibit (a)(5)    Form  of  letter  to brokers, dealers, commercial banks, trust
                  companies and other nominees.(1)

Exhibit (a)(6)    Form of letter to  be used  by  brokers,  dealers, commercial
                  banks,   trust  companies  and   other   nominees   to  their
                  clients.(1)

Exhibit (a)(7)    Press  Release  issued  by  the  Purchaser dated July 10, 2001
                  announcing the tender offer.(2)

Exhibit (a)(8)    Summary  newspaper  advertisement,  dated  July 17, 2001, pub-
                  lished in The Wall Street Journal.(1)

Exhibit (b)(1)    Third  Amended  and  Restated  Credit  Agreement  dated  as of
                  January 23, 2001 among Amerada Hess  Corporation,  the lenders
                  party thereto and Goldman Sachs Credit  Partners L.P. as joint
                  book runner,  joint lead arranger and sole syndication  agent,
                  Chase  Securities,  Inc.  as joint book  runner and joint lead
                  arranger and The Chase Manhattan Bank, N.A., as administrative
                  agent ("Facility A").(3)


- -----------------------------

(1)  Previously  filed.

(2)  Incorporated  by  reference to Exhibit 99.1 to the Form 8-K/A filed on July
     10, 2001 by Amerada Hess Corporation.

(3)  Incorporated by reference to Exhibit 4(4) to the Form 10-K filed by Amerada
     Hess Corporation on March 28, 2001, Commission File No. 333-50358.


                                      -2-




Exhibit (b)(2)    Third  Amended  and  Restated  Credit  Agreement  dated  as of
                  January 23, 2001 among Amerada Hess  Corporation,  the Lenders
                  Party thereto and Goldman Sachs Credit  Partners L.P. as joint
                  book runner,  joint lead arranger and sole syndication  agent,
                  Chase  Securities,  Inc.  as joint book  runner and joint lead
                  arranger and The Chase Manhattan Bank, N.A., as administrative
                  agent ("Facility B").(4)

Exhibit (b)(3)    Credit  Agreement  dated as of July 30, 2001  between  Amerada
                  Hess Corporation and Citibank, N.A. (5)

Exhibit (d)(1)    Acquisition  Agreement  dated as of July 9, 2001 among Amerada
                  Hess  Corporation,  Amerada Hess  (Cayman)  Limited and Triton
                  Energy Limited.(1)

Exhibit (d)(2)    Principal  Shareholders  Agreement  dated  as of July 9,  2001
                  among Amerada Hess Corporation, Amerada Hess (Cayman) Limited,
                  Triton  Energy  Limited,   HM4  Triton,  L.P.  and  the  other
                  shareholders  of  Triton  Energy  Limited  listed  on  Annex A
                  thereto.(1)

Exhibit (d)(3)    Confidentiality  Agreement  dated as of June 4,  2001  between
                  Amerada Hess Corporation and Triton Energy Limited.(1)


- ----------------------------

(4)  Incorporated by reference to Exhibit 4(5) to the Form 10-K filed by Amerada
     Hess Corporation on March 28, 2001, Commission File No. 333-50358.

(5)  Filed herewith.



                                      -3-




                                    SIGNATURE

     After due inquiry  and to the best of my  knowledge  and belief,  I certify
that the information set forth in this statement is true, complete and correct.

Dated: August 3, 2001
                                    AMERADA HESS CORPORATION


                                     By: /s/ J. Barclay Collins II
                                        ----------------------------------------
                                        Name:  J. Barclay Collins II
                                        Title: Executive Vice President and
                                                 General Counsel

                                    AMERADA HESS (CAYMAN) LIMITED


                                     By: /s/ J. Barclay Collins II
                                        ---------------------------------------
                                        Name:  J. Barclay Collins II
                                        Title: Executive Vice President and
                                                 General Counsel





Exhibit No.       Description

Exhibit (a)(1)    Offer to Purchase.(1)

Exhibit (a)(2)    Letter of Transmittal.(1)

Exhibit (a)(3)    Notice of Guaranteed Delivery.(1)

Exhibit (a)(4)    Guidelines for Substitute Form W-9.(1)

Exhibit(a)(5)     Form of letter to brokers,  dealers,  commercial banks,  trust
                  companies and other nominees.(1)

Exhibit (a)(6)    Form of  letter  to be used by  brokers,  dealers,  commercial
                  banks, trust companies and other nominees to their clients.(1)

Exhibit (a)(7)    Press  Release  issued by the  Purchaser  dated July 10,  2001
                  announcing the tender offer.(2)

Exhibit (a)(8)    Summary   newspaper   advertisement,   dated  July  17,  2001,
                  published in The Wall Street Journal.(1)

Exhibit (b)(1)    Third  Amended  and  Restated  Credit  Agreement  dated  as of
                  January 23, 2001 among Amerada Hess  Corporation,  the lenders
                  party thereto and Goldman Sachs Credit  Partners L.P. as joint
                  book runner,  joint lead arranger and sole syndication  agent,
                  Chase  Securities,  Inc.  as joint book  runner and joint lead
                  arranger and The Chase Manhattan Bank, N.A., as administrative
                  agent ("Facility A").(3)

Exhibit (b)(2)    Third  Amended  and  Restated  Credit  Agreement  dated  as of
                  January 23, 2001 among Amerada Hess  Corporation,  the Lenders
                  Party thereto and Goldman Sachs Credit  Partners L.P. as joint
                  book runner,  joint lead arranger and sole syndication  agent,
                  Chase  Securities,  Inc.  as joint book  runner and joint lead
                  arranger and The Chase Manhattan Bank, N.A., as administrative
                  agent ("Facility B").(4)


- ------------------------

(1)  Previously filed.

(2)  Incorporated  by  reference to Exhibit 99.1 to the Form 8-K/A filed on July
     10, 2001 by Amerada Hess Corporation.

(3)  Incorporated by reference to Exhibit 4(4) to the Form 10-K filed by Amerada
     Hess Corporation on March 28, 2001, Commission File No. 333-50358.

(4)  Incorporated by reference to Exhibit 4(5) to the Form 10-K filed by Amerada
     Hess Corporation on March 28, 2001, Commission File No. 333-50358.






Exhibit (b)(3)    Credit  Agreement  dated as of July 30, 2001  between  Amerada
                  Hess Corporation and Citibank, N.A.(6)

Exhibit (d)(1)    Acquisition  Agreement  dated as of July 9, 2001 among Amerada
                  Hess  Corporation,  Amerada Hess  (Cayman)  Limited and Triton
                  Energy Limited.(1)

Exhibit  (d)(2)   Principal  Shareholders  Agreement  dated  as of July 9,  2001
                  among Amerada Hess Corporation, Amerada Hess (Cayman) Limited,
                  Triton  Energy  Limited,   HM4  Triton,  L.P.  and  the  other
                  shareholders  of  Triton  Energy  Limited  listed  on  Annex A
                  thereto.(1)

Exhibit (d)(3)    Confidentiality  Agreement  dated as of June 4,  2001  between
                  Amerada Hess Corporation and Triton Energy Limited.(1)

- -------------------------

(6)  Filed herewith.



                                Credit Agreement
                            Dated as of July 30, 2001

          CREDIT AGREEMENT (this  "Agreement") dated as of July 30, 2001 between
Amerada Hess Corporation, a Delaware corporation (the "Borrower"), and Citibank,
N.A.  ("Citibank").  Capitalized  terms not otherwise  defined in this Agreement
shall have the same  meanings as  specified  therefor  in the Third  Amended and
Restated Credit  Agreement dated as of January 23, 2001 in respect of Facility A
(as in effect on the date hereof,  the "Existing  Credit  Agreement")  among the
Borrower,  the lenders party  thereto,  Goldman Sachs Credit  Partners  L.P., as
joint book  runner,  joint  lead  arranger  and sole  syndication  agent,  Chase
Securities Inc., as joint book runner and joint lead arranger,  Bank of America,
N.A.,  Citibank,  N.A. and  Barclays  Bank PLC, as  co-documentation  agents and
arrangers,  and The  Chase  Manhattan  Bank,  as  administrative  agent for such
lenders.

          SECTION 1. The Advances.  (a) Citibank hereby agrees, on the terms and
conditions  hereinafter  set forth, to make advances (each, an "Advance") to the
Borrower  from time to time on any  Business Day during the period from the date
of this Agreement to (but not including)  the  Termination  Date in an aggregate
principal  amount  not to exceed  $1,000,000,000  at any time  outstanding  (the
"Facility").  Within the limits of the unused  portion of the Facility in effect
from time to time,  the  Borrower may borrow  under this  Section  1(a),  prepay
pursuant to Section 1(e) and reborrow under this Section 1(a).

          (b) Each Advance shall be made on the same  Business  Day's notice for
Advances  bearing  interest by  reference  to the Base Rate (as  defined  below)
("Base Rate  Advances") and on three Business Days' notice for Advances  bearing
interest by reference to the Adjusted  LIBO Rate  ("Eurodollar  Rate  Advances")
subject to a notice of borrowing (a "Notice of  Borrowing")  being  delivered to
Citibank not later than 11:00 A.M. (New York City time) on the applicable notice
date which sets forth the same information and provides the same  certifications
and  assurances as are required to be included in comparable  Borrowing  Request
delivered  under  the  Existing  Credit  Agreement.   Upon  fulfillment  of  the
applicable  conditions set forth in Sections 2, if  applicable,  and 3, Citibank
will make the proceeds of such Advance  available to the Borrower at the account
specified by the  Borrower in the related  Notice of  Borrowing.  All Notices of
Borrowing may be delivered by telephone  and confirmed in writing.  For purposes
of this Agreement,  "Base Rate" means, for any day, a fluctuating rate per annum
in effect  from time to time,  which rate per annum shall be equal to the higher
of (a) the rate of interest publicly announced by Citibank in New York, New York
as its  base  rate in  effect  on such  day and (b) the sum of (i) 1/2 of 1% per
annum and (ii) the Federal Funds Effective Rate in effect on such day.

          (c) The Facility  shall be  automatically  terminated and the Borrower
shall  repay to  Citibank  the  aggregate  principal  amount of all  outstanding
Advances,  together with accrued and unpaid interest thereon,  on the earlier of
July __, 2003 and the date of the  termination  of the Facility in full pursuant
to  Section  1  hereof  or  Article  VII of the  Existing  Credit  Agreement  as
incorporated herein by reference (the "Termination  Date"). Upon the issuance by
the  Borrower  or any of its  Subsidiaries  of any debt  security in the capital
markets  with a maturity in excess of one year and in an amount of  $100,000,000
or more, the Facility shall  automatically  reduce by an amount equal to the net
cash proceeds from any such issuance on the Business Day next following the date
of receipt by the Borrower or its Subsidiaries of such proceeds.


                                       1






          (d) The Borrower  may,  upon at least three  Business  Days' notice to
Citibank,  terminate  in whole or  reduce  in part the  unused  portions  of the
Facility. The Borrower shall, on each date of a reduction in the Facility as set
forth in Section 1(c) above,  repay the Advances in a principal  amount equal to
the excess of the aggregate  principal  amount of the Advances over the Facility
as so reduced.

          (e) The Borrower  may,  upon at least three  Business  Days' notice to
Citibank in the case of Eurodollar Rate Advances and at least one Business Day's
notice to Citibank in the case of Base Rate  Advances,  in each case received on
such day not later than 11:00 A.M. (New York City time) and stating the proposed
date and aggregate  principal  amount of the  prepayment,  and if such notice is
given the Borrower shall,  prepay the aggregate principal amount of the Advances
outstanding  on such  date,  in whole or in part.  All  prepayments  under  this
Section 1(e) shall be made together with (i) accrued and unpaid  interest to the
date of such prepayment on the principal  amount so prepaid and (ii) in the case
of any such  prepayment  of a  Eurodollar  Rate Advance on a date other than the
last day of an  Interest  Period  therefor,  any  amounts  owing in  respect  of
Eurodollar Rate Advances pursuant to Section 5(f) hereof.

          (f) The Borrower shall pay interest on the unpaid  principal amount of
each Advance from the date of such Advance until the principal amount thereof is
paid in full on the dates for payment  specified  for  Advances of the same type
under the Existing Credit  Agreement at a rate per annum equal,  (i) in the case
of Base Rate  Advances,  to the Base Rate in effect from time to time plus,  for
each date on which the aggregate  principal  amount of the Advances  outstanding
equals or  exceeds  33% of the  Facility,  the  Applicable  Utilization  Fee (as
defined below) and (ii) in the case of Eurodollar  Rate Advances,  to the sum of
the Adjusted  LIBO Rate in effect for the  applicable  Interest  Period plus the
Applicable  Margin (as defined below) plus, for each date on which the aggregate
principal  amount  of the  Advances  outstanding  equals or  exceeds  33% of the
Facility,  the Applicable  Utilization Fee. Similarly,  the Borrower shall pay a
facility fee from the date of this Agreement to the  Termination  Date at a rate
per annum equal to the Applicable  Percentage (as defined below) on the Facility
on the dates for payment  specified for payment of the "Facility  Fee" under the
Existing  Credit  Agreement.  For  purposes  of this  Section  2(f),  the  terms
"Applicable  Utilization Fee", "Applicable Margin", and "Applicable  Percentage"
are each  defined as a  percentage  per annum  determined  by  reference  to the
Borrower's long term senior unsecured debt rating, as set forth on Schedule I to
this Agreement.

          (g) The Borrower shall make each payment  hereunder,  irrespective  of
any right of  counterclaim  or setoff,  not later than 12:00 Noon (New York City
time) on the day when due in U.S.  dollars  and in same day funds to Citibank at
the account of Citibank  most  recently  specified in writing to the Borrower by
Citibank,  with  payments  received by Citibank  after 12:00 Noon (New York City
time) on any such day being deemed to have been received on the next  succeeding
Business Day. All  computations of interest  determined by reference to the Base
Rate payable  hereunder shall be made on the basis of a year of 365 or 366 days,
as the case may be, and all other  computations  of  interest  and fees  payable
hereunder shall be made on the basis of a year of 360 days, in each case for the
actual  number of days  (including  the first  day but  excluding  the last day)
occurring in the period for which such interest or fees are payable.

          (h) The  proceeds  of the  Advances  shall be  available  for  general
corporate purposes of the Borrower and its subsidiaries.

          SECTION 2.  Conditions  Precedent to the  Effectiveness  of Section 1.
Section 1 of this  Agreement  shall  become  effective  on the  first  date (the
"Effective Date") on which all of the following  conditions  precedent have been
satisfied:


                                       2





          (a) The  conditions  precedent  to the  closing  date  under  Sections
     4.01(b),  (c), (d), (e), (h) and (i) of the Existing Credit Agreement shall
     have been satisfied  with respect to this  Agreement as if such  conditions
     precedent were set forth in full herein (with appropriate  modifications to
     refer to Citibank, as the lender, the Facility and this Agreement).

          (b) The Borrower or its affiliates  shall have accepted for payment at
     least a majority  of the  outstanding  ordinary  shares on a fully  diluted
     basis of Triton Energy Limited in its cash tender offer for ordinary shares
     of Triton as announced July 10, 2001.

          (c)  All  of  the  representations  and  warranties   incorporated  by
     reference  into this  Agreement  shall be true and correct in all  material
     respects  on the  Effective  Date,  as  though  made on and as of such date
     (other than any such representation and warranty that, by its terms, refers
     to a specific date other than the Effective Date, in which case, as of such
     specific date).

          (d) No event shall have occurred and be continuing,  or shall occur as
     a result of the Effective Date, that would constitute a Default.

          SECTION 3.  Conditions  Precedent to Each Advance.  The  obligation of
Citibank to make an Advance shall be subject to the further conditions precedent
that on the date of such  Advance the  following  statements  shall be true (and
each of the giving of the  applicable  Notice of Borrowing and the acceptance by
the Borrower of the proceeds of such Advance shall  constitute a  representation
and  warranty by the Borrower  that,  both on the date of such notice and on the
date of such Advance, such statements are true):

          (a) the representations and warranties  incorporated by reference into
     this Agreement are correct in all material respects on and as of such date,
     before and after giving  effect to such Advance and to the  application  of
     the  proceeds,  if any,  therefrom,  as though  made on and as of such date
     (except for any such representation and warranty that, by its terms, refers
     to a specific date other than the date of such  Advance,  in which case, as
     of such specific date); and

          (b) no event has occurred and is continuing, or would result from such
     Advance or from the application of the proceeds therefrom, that constitutes
     a Default.

          SECTION  4.  Incorporation  by  Reference.  (a) All of the  terms  and
conditions of the Existing Credit Agreement (including,  without limitation, all
conditions,  representations  and  warranties,  covenants,  events  of  default,
increased  costs,  taxes,  capital adequacy and assignment  provisions,  and all
defined  terms used therein and exhibits  and  schedules to the Existing  Credit
Agreement  referred to therein,  but not  including  Sections 2.01 through 2.04,
2.10,  2.14,  9.01,  9.02 and 9.03  thereof)  that are not  otherwise  fully and
expressly set forth in this Agreement are  specifically  incorporated  herein by
reference  with the same  force  and  effect as if the same were set out in this
Agreement in full. Except as otherwise  provided herein,  all references in such
incorporated  provisions  to  any  "Agent",  the  "Agents",  a  "Lender"  or the
"Lenders" or words of similar import or to "this Agreement",  "hereof", "hereto"
or "hereunder" or words of similar import shall, without further reference, mean
and refer to Citibank under this Agreement and to this Agreement,  respectively;
all references in such incorporated  provisions to the "Company" shall,  without
further reference,  mean and refer to the Borrower hereunder;  all references in
such incorporated  provisions to the "Third Amended and Restated Effective Date"
shall,  without  further  reference,  mean  and  refer  to  the  Effective  Date
hereunder;  all  references in such  incorporated  provisions to a  "Borrowing",
"Borrowings",  a "Loan" or the  "Loans"  (or to a Type of "Loan" or  "Borrowing"
under the Existing Credit  Agreement) or words of similar import shall,  without
further reference, mean and refer


                                       3








to an Advance or the Advances, as appropriate, hereunder; all references in such
incorporated provisions to "ABR" or "Alternate Base Rate" shall, without further
reference,  mean and refer to the Base Rate  hereunder;  all  references in such
incorporated provisions to a "Commitment" shall, without further reference, mean
and  refer  to the  Facility  hereunder;  all  references  in such  incorporated
provisions to the "Maturity  Date" shall,  without further  reference,  mean and
refer to the Termination  Date hereunder;  and all references in Section 3.04 of
such incorporated provisions to the dates "December 31, 1999" and "September 30,
2000" shall, without further reference, mean and refer to the dates "December 31
2000" and "June 30, 2001",  respectively.  Similarly,  to the extent any word or
phrase is  defined  in this  Agreement,  any such word or  phrase  appearing  in
provisions so incorporated by reference from the Existing Credit Agreement shall
have the meaning given to it in this Agreement.  The  incorporation by reference
into this Agreement of the terms and conditions of the Existing Credit Agreement
is for convenience  only, and this Agreement and the Existing  Credit  Agreement
shall at all times be, and be deemed to be and treated as, separate and distinct
loan  obligations.  The  incorporation  by reference  into this Agreement of the
terms and conditions of the Existing  Credit  Agreement shall not be affected or
impaired by any subsequent amendment,  expiration or termination of the Existing
Credit Agreement.

          (b) The Borrower, by its execution of this Agreement, hereby agrees to
amend and restate this Agreement at the request of Citibank to set forth in full
the  provisions  incorporated  by  reference  herein  from the  Existing  Credit
Agreement  and  to  modify  the  terms  and  provisions  of  this  Agreement  as
appropriate  to  provide  for the  inclusion  of  additional  lenders  upon  any
assignment  or proposed  assignment  by  Citibank of its rights and  obligations
hereunder  effected in accordance  with Section 5(i). In addition,  the Borrower
hereby agrees to notify Citibank promptly and in any event within three Business
Days of any amendment,  supplement or other  modification to the Existing Credit
Agreement  and,  at the  request of  Citibank,  to enter into any  amendment  or
supplement  to this  Agreement  proposed by Citibank to  incorporate  comparable
amendments, supplements or other modifications to this Agreement.

          SECTION 5. Miscellaneous.  (a) No amendment or waiver of any provision
of this Agreement,  nor consent to any departure by the Borrower herefrom, shall
in any event be effective  unless the same shall be in writing and signed by the
Borrower and Citibank,  and then such waiver or consent shall be effective  only
in the specific instance and for the specific purpose for which given.

          (b) All  notices  and  other  communications  provided  for  hereunder
(except as specified in Section 1(b)) shall be in writing (including telecopier,
telegraphic or telex) and mailed, telecopied, telegraphed, telexed or delivered,
if to the Borrower, at its address at 1185 Avenue of the Americas, New York, New
York 10036,  Attention:  Treasurer,;  and if to Citibank,  at its address at 388
Greenwich Street, New York, New York 10013,  Attention:  Gordon DeKuyper; or, as
to each party,  at such other  address as shall be designated by such party in a
written notice to the other party. All such notices and communications  shall be
effective when received.

          (c) No failure on the part of  Citibank to  exercise,  and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right hereunder  preclude any other or further
exercise  thereof  or the  exercise  of any other  right.  The  remedies  herein
provided are cumulative and not exclusive of any remedies provided by law.

          (d) The  Borrower  agrees to pay on demand all costs and  expenses  of
Citibank   in   connection   with   the   preparation,    execution,   delivery,
administration, modification and amendment of this Agreement, including, without
limitation,  the  reasonable  fees and  expenses  of counsel for  Citibank  with
respect  thereto  and with  respect to  advising  Citibank  as to its rights and
responsibilities  under this


                                       4






Agreement.  The Borrower  further agrees to pay on demand all costs and expenses
of Citibank, if any (including, without limitation,  reasonable counsel fees and
expenses),  in connection with the enforcement  (whether  through  negotiations,
legal   proceedings  or  otherwise)  of  this  Agreement,   including,   without
limitation,  reasonable  fees and expenses of counsel for Citibank in connection
with the enforcement of rights under this Section 5(d).

          (e) The Borrower  agrees to indemnify and hold  harmless  Citibank and
each of its  affiliates and their  officers,  directors,  employees,  agents and
advisors  (each,  an  "Indemnified  Party") from and against any and all claims,
damages,  losses,  liabilities  and  expenses  (including,  without  limitation,
reasonable  fees and  expenses  of  counsel)  incurred by or asserted or awarded
against any Indemnified Party, in each case arising out of or in connection with
or  by  reason  of  (including,  without  limitation,  in  connection  with  any
investigation,   litigation  or  proceeding  or  preparation  of  a  defense  in
connection therewith) (i) this Agreement,  any of the transactions  contemplated
herein or the actual or proposed use of the proceeds of the Advances or (ii) the
actual or  alleged  presence  of  hazardous  materials  on any  property  of the
Borrower or any of its Subsidiaries or any action under any  Environmental  Laws
relating in any way to the  Borrower or any of its  Subsidiaries,  except to the
extent  such  claim,  damage,  loss,  liability  or expense is found in a final,
non-appealable  judgment by a court of competent  jurisdiction  to have resulted
from an Indemnified Party's gross negligence or willful misconduct.  In the case
of an  investigation,  litigation or other  proceeding to which the indemnity in
this Section 5(e) applies, such indemnity shall be effective whether or not such
investigation,  litigation  or  proceeding  is  brought  by  the  Borrower,  its
directors, shareholders or creditors or an Indemnified Party or any other Person
or any  Indemnified  Party is  otherwise a party  thereto and whether or not the
transactions  contemplated hereby are consummated.  The Borrower also agrees not
to assert any claim for  special,  consequential  or  punitive  damages  against
Citibank, any of its affiliates, or any of their respective directors, officers,
employees,  attorneys and agents, on any theory of liability,  arising out of or
otherwise  relating  to this  Agreement,  any of the  transactions  contemplated
herein or the actual or proposed use of the proceeds of the Advances.

          (f) If any payment of principal of any Eurodollar Rate Advance is made
by the Borrower to Citibank  other than on the last day of the  Interest  Period
for such  Advance,  as a result of a payment  pursuant  to Section  1(c) of this
Agreement,  acceleration of the maturity of the Advances pursuant to Article VII
of the Existing Credit  Agreement (as  incorporated  herein by reference) or for
any other reason,  the Borrower shall, upon demand by Citibank,  pay to Citibank
any amounts  required  to  compensate  it for any  additional  losses,  costs or
expenses that it may  reasonably  incur as a result of such payment,  including,
without limitation,  any loss (excluding loss of anticipated  profits),  cost or
expense  incurred by reason of the  liquidation or  reemployment  of deposits or
other funds acquired by Citibank to fund or maintain such Advance.

          (g) Without  prejudice to the  survival of any other  agreement of the
Borrower hereunder,  the agreements and obligations of the Borrower contained in
Sections  5(d),  (e) and (f) shall  survive  the  payment in full of  principal,
interest and all other amounts payable hereunder.

          (h) This  Agreement  shall be binding upon and inure to the benefit of
the Borrower and Citibank and their  respective  successors and assigns,  except
that the Borrower shall not have the right to assign its rights hereunder or any
interest herein without the prior written consent of Citibank.

          (i) After March 31,  2002,  Citibank may assign to one or more Persons
reasonably  satisfactory  to the  Borrower  all or a portion  of its  rights and
obligations  under  this  Agreement  (including,  without  limitation,  all or a
portion of the  Facility and the  Advances  owing to it) in a minimum  aggregate


                                       5




assignment level of $10,000,000 (and increments of $1,000,000 in excess thereof)
and  otherwise on the same terms and subject to the same  conditions  as are set
forth for  assignments  by  lenders  under the  Existing  Credit  Agreement.  In
connection with any such assignment,  the Borrower agrees to execute and deliver
such  documentation  as Citibank or any such  permitted  assignee may reasonably
request to  evidence  such  assignment  and the rights and  obligations  of such
assignee hereunder.

          (j) This  Agreement  may be executed in separate  counterparts  by the
parties hereto, each of which when so executed shall be deemed to be an original
and all of which taken  together shall  constitute  one and the same  agreement.
Delivery of an executed  counterpart  of a signature  page to this  Agreement by
telecopier shall be effective as delivery of an originally executed  counterpart
of this Agreement.

          (k) This  Agreement  shall be governed by, and construed in accordance
with, the laws of the State of New York.

          (l) Each of the parties hereto hereby irrevocably and  unconditionally
submits,  for itself and its property,  to the nonexclusive  jurisdiction of any
New York State court or federal court of the United States of America sitting in
New York  City,  and any  appellate  court  from any  thereof,  in any action or
proceeding  arising out of or relating to this  Agreement  or the Notes,  or for
recognition  or  enforcement  of any  judgment,  and each of the parties  hereto
hereby irrevocably and unconditionally  agrees that all claims in respect of any
such action or proceeding may be heard and determined in any such New York State
court or, to the extent  permitted  by law, in such federal  court.  Each of the
parties  hereto  agrees that a final  judgment in any such action or  proceeding
shall be conclusive  and may be enforced in other  jurisdictions  by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement shall
affect  any  right  that any  party may  otherwise  have to bring any  action or
proceeding  relating  to  this  Agreement  or the  Notes  in the  courts  of any
jurisdiction. Each of the parties hereto irrevocably and unconditionally waives,
to the fullest  extent it may legally and  effectively do so, any objection that
it may now or  hereafter  have to the  laying  of venue of any  suit,  action or
proceeding arising out of or relating to this Agreement,  the Notes or any other
Loan Document in any New York State or federal court. Each of the parties hereto
hereby  irrevocably  waives, to the fullest extent permitted by law, the defense
of an inconvenient  forum to the maintenance of such action or proceeding in any
such court.

          (m) Waiver of Jury Trial.

          Each of the Borrower and Citibank hereby  irrevocably waives all right
to trial by jury in any action,  proceeding or  counterclaim  (whether  based on
contract,  tort or otherwise) arising out of or relating to this Agreement,  the
Notes or any other Loan Document or the actions of Citibank in the  negotiation,
administration, performance or enforcement thereof.

          IN WITNESS  WHEREOF,  the parties hereto have caused this Agreement to
be executed by their respective  officers  thereunto duly authorized,  as of the
date first above written.

                                     AMERADA HESS CORPORATION


                                     By  /s/ G. A. Jamin
                                        ------------------------------------
                                        Name:  G. A. Jamin
                                        Title: Senior Vice President, Treasurer


                                       6






                                                    CITIBANK, N.A.


                                                    By /s/ Gordon H. DeKuyper
                                                      ------------------------
                                                      Name:  Gordon H. DeKuyper
                                                      Title:     Vice President







                                                               Schedule I
                                                                             
====================================================================================================================
                           Level 1           Level 2          Level 3            Level 4             Level 5
BASIS FOR PRICING      Public Debt       Public Debt     Public Debt        Public Debt        Public Debt Rating
                       Rating At Least   Rating Less     Rating Less Than   Rating Less Than   less than Level 4.
                       A- By S&P Or A3   Than Level 1    Level 2 But At     Level 3 But At
                       By Moody's.       But At Least    Least BBB By S&P   Least BBB- By
                                         BBB+ By S&P Or  Or Baa2 By         S&P Or Baa3 By
                                         Baa1 By         Moody's.           Moody's.
                                         Moody's.
====================================================================================================================
                           7.5 bps          10.0 bps         12.5 bps           17.5 bps             35.0 bps
Applicable Percentage

- --------------------------------------------------------------------------------------------------------------------
                           42.5 bps         52.5 bps         75.0 bps           82.5 bps            115.0 bps
Applicable Margin

- --------------------------------------------------------------------------------------------------------------------
                           5.0 bps           7.5 bps         12.5 bps           12.5 bps             25.0 bps
Applicable
Utilization Fee
(Usage > 33%)

====================================================================================================================

                           bps = basis points per annum