SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

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                                    FORM 8-K


                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

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        Date of Report (Date of earliest event reported): April 23, 1997

                      UNION TEXAS PETROLEUM HOLDINGS, INC.
             (Exact name of Registrant as specified in its charter)



                                                                                                         

                    Delaware                                        1-9019                                     76-0040040
                 (State or other                                 (Commission                                (I.R.S. Employer
                  jurisdiction                                   File Number)                              Identification No.)
                of incorporation)


                  1330 Post Oak Boulevard, Houston, Texas 77056
               (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code (713) 623-6544









Item 5.  OTHER EVENTS.

                  Press Release.  The information set forth in the press release
of the  registrant  dated  April  23,  1997,  filed  as an  exhibit  hereto,  is
incorporated by reference herein.

                  The press release contains  forward-looking  statements within
the meaning of and in reliance upon the "safe harbor"  provisions of the Private
Securities  Litigation Reform Act, as set forth in Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended,  that involve risks and  uncertainties,  including price volatility,
implementation  and opportunity  risks, and other factors described from time to
time in the  registrant's  publicly  available  SEC  reports,  which could cause
actual results to differ materially.


Item 7.  FINANCIAL STATEMENT AND EXHIBITS.

                  (c)      Exhibits.


Exhibit
Number          Description
     99.1       Press release dated April 23, 1997









                                    SIGNATURE

                  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.

                              UNION TEXAS PETROLEUM
                                 HOLDINGS, INC.



                              By:      /s/ Alan R. Crain, Jr.
                                       Alan R. Crain, Jr.
                                       Vice President and General Counsel


Date: April 23, 1997









                                INDEX TO EXHIBITS



Exhibit
Number            Description
- ------            -----------
 99.1      Press release dated April 23, 1997