Exhibit 10.14

                                 SERVICES AGREEMENT

               THIS SERVICES  AGREEMENT  (this "Agreement"),  dated  as  of
          December 23, 1997 by and between FM Services Company, a  Delaware
          corporation  ("FMS"),  and   Freeport-McMoRan  Sulphur  Inc.,   a
          Delaware corporation ("FSC").

               WHEREAS,  FSC  desires   that  FMS  furnish   FSC  and   its
          affiliates, as  that  term  is defined  in  Rule  405  under  the
          Securities Act  of 1933  (collectively,  the "FSC  Group"),  with
          Services,  as  defined  below,  to  support  and  complement  the
          services provided by its officers, employees and other  available
          resources.

               NOW  THEREFORE,  in  consideration  of  the  covenants   and
          agreements  set  forth  herein,  and  other  good  and   valuable
          consideration, the receipt  and sufficiency of  which are  hereby
          acknowledged, the parties hereto agree as follows:

               Section 1.     Services.  During the term of this  Agreement
          FMS shall  furnish  the  following  services  (collectively,  the
          "Services") to  the  FSC Group:    (a) accounting,  treasury  and
          financial, (b) tax, (c) insurance and risk management  (including
          the purchase and maintenance on behalf  of FSC of such  insurance
          as FSC  deems  necessary  or appropriate),  (d)  human  resources
          (including employee benefit services), (e) management information
          and system  support, (f)  governmental relations,  (g)  community
          relations, (h) investor relations, (i) facilities management  and
          security, (j)  marketing;  business  development,  (k)  executive
          support, (l) aviation, (m)  contract administration and (n)  such
          other services  as may  mutually be  agreed upon  by the  parties
          hereto.  Services shall  be provided directly by  FMS or, in  the
          discretion of FMS, by affiliated or non-affiliated third parties.

               Section 2.     Administration of Services.  FMS shall keep
          the appropriate officers and employees  of FSC and other  members
          of the FSC  Group fully informed  and shall  cooperate with  such
          officers  and  employees  with  respect  to  the  performance  of
          Services by  FMS.   Each  member  of  the FSC  Group  shall  have
          complete and full access to all data, records, files, statements,
          invoices, billings and other information  generated by or in  the
          custody of FMS relating to Services provided to such entity.

               Section 3.     Compensation. 


               (a)  As compensation for  the performance  of the  Services,
          FSC shall reimburse, or cause another member of the FSC Group  to
          reimburse, FMS for:

                    (i)  All expenses of the Services incurred by FMS  that
               are  readily  identifiable  to  the  FSC  Group,   including
               personnel  related  costs   (which  shall   be  based   upon
               department  head  allocations),  facilities  related   costs
               (based upon personnel cost  allocations) and aviation  costs
               ("Direct Charges");

                    (ii) All  costs  of  goods,  services  or  other  items
               purchased from third parties  by FMS for  the FSC Group,  to
               the  extent  such  costs  are  paid  by  FMS  ("Third  Party
               Charges"); and

                    (iii)     The portion of all other expenses incurred by
               FMS in connection  with providing  the Services  to the  FSC
               Group and similar services to Freeport-McMoRan Copper & Gold
               Inc.  ("FCX"),  McMoRan  Oil  &  Gas  Co.  ("MOXY")  and  FM
               Properties Inc. ("FMPO") and their respective affiliates  as
               directed from time to time by the joint written instructions
               of FSC,  FCX,  MOXY and  FMPO  pursuant to  the  Stockholder
               Agreement of even  date herewith  among FSC,  FCX, MOXY  and
               FMPO ("Allocated Charges").

               (b)  FMS shall invoice FSC by the last day of each month for
          all Direct  Charges, Third  Party Charges  and Allocated  Charges
          incurred for the immediately preceding month.  All invoices shall
          provide FSC with an account of all such charges and an accounting
          for all  Advances, as  defined below,  during  such month.    All
          amounts shown on  each invoice shall  be due  and payable  within
          five (5) days  of the date  of the invoice.   In the  event of  a
          dispute as to  the propriety of  any invoiced  amount, FSC  shall
          pay, or  cause the  payment of,  all undisputed  amounts on  each
          invoice, but shall be entitled to withhold payment of any  amount
          in dispute and  shall promptly  notify FMS  of the  basis of  the
          dispute.

               (c)  FSC shall advance, or  cause the advancement of,  funds
          to FMS  for Direct  Charges, Third  Party Charges  and  Allocated
          Charges from  time to  time during  the  term of  this  Agreement
          (which may be as often as daily) as requested by FMS, such  funds
          to serve as an  advance of the amounts  to be invoiced  hereunder
          (the "Advances").

               Section 4.     Use of FMS Facilities.  FMS shall provide the
          FSC Group with  a non-exclusive right  to utilize its  properties
          and facilities, subject to  such limitations, if  any, as may  be
          imposed by leases and other agreements and instruments  governing
          the use of such properties and facilities.

               Section 5.     Terms of  Agreement; Termination. (a)  This
          Agreement shall commence as of the  date first above written  and
          shall continue in effect until (i) the parties mutually agree  in
          writing to terminate this Agreement,  (ii) 90 days after  receipt
          by FMS of  written notice from  FSC of its  request to  terminate
          this Agreement,  or (iii)  a Change  in Control.   A  "Change  in
          Control" shall be deemed to have occurred if any Person or  group
          (within the meaning of Rule 13d-5 of the SEC as in effect on  the
          date hereof) shall own directly or indirectly, beneficially or of
          record, shares representing 50% or more of the aggregate ordinary
          voting power represented  by the issued  and outstanding  capital
          stock of FSC.

               (b)  Upon termination of this Agreement, FSC shall be liable
          for (i) Direct Charges, Third Party Charges and Allocated Charges
          incurred in accordance with Section 3 prior to termination,  (ii)
          its proportionate share of all costs incurred by FMS or which FMS
          is obligated to incur in  connection with providing the  Services
          after termination, because of the anticipated long-term nature of
          this  Agreement  or  otherwise,  and  (iii)  all  costs  of  such
          termination, whether  direct  or  indirect  and  including  costs
          incurred by  FMS in  connection with  the termination  by FMS  of
          obligations entered into in connection with the Services.

               Section 6.     Limitation of Liability.


               (a)  FMS makes  no  representation or  warranty  whatsoever,
          express or implied, with  respect to the Services.   In no  event
          shall FMS be  liable to  FSC for (i)  any loss,  cost or  expense
          resulting from any act or omission taken at the express direction
          of any member of the FSC  Group or (ii) any special, indirect  or
          consequential damages resulting from any error or omission in the
          performance of the Services or from the breach of this Agreement.

               (b)  Neither FMS nor  FSC shall be  liable for  any loss  or
          damage or  any  nonperformance,  partial  or  whole,  under  this
          Agreement, caused by any  strike, labor troubles,  riot act of  a
          public enemy,  insurrection, act  of God,  or  any law,  rule  or
          regulation promulgated by any governmental body or agency, or any
          demand or requisition of any governmental body or agency, or  any
          other cause beyond the control of the parties hereto. 

               Section 7.     Confidentiality.  FMS will hold and will  use
          its best efforts to cause its officers, directors, employees  and
          other agents (collectively, its "Agents") to hold, in confidence,
          all confidential  documents and  information concerning  the  FSC
          Group furnished to such party in connection with this  Agreement,
          except to the extent that such  information can be shown to  have
          been (a)  previously known  by such  party on  a  nonconfidential
          basis, (b) in the public domain through no fault of such party or
          (c) later lawfully  acquired by such  party on a  nonconfidential
          basis from a source other than  the FSC Group; provided that  FMS
          may disclose such information  in connection with this  Agreement
          to its Agents so long as such persons are informed by FMS of  the
          confidential nature of such information  and are directed by  FMS
          to keep such information confidential and  not to use it for  any
          purpose  other  than  its  intended  use.    Notwithstanding  the
          foregoing, FMS or its Agents may disclose such information if (i)
          compelled to disclose by judicial or administrative process or by
          other requirements of  law or  (ii) necessary  to establish  such
          party's position in  any litigation or  any arbitration or  other
          proceeding based upon or in connection with the subject matter of
          this  Agreement.    Prior  to  any  disclosure  pursuant  to  the
          preceding sentence,  FMS or  its Agent(s)  shall give  reasonable
          prior notice to FSC of such intended disclosure, and if requested
          by FSC,  FMS  shall  use  all  reasonable  efforts  to  obtain  a
          protective order or similar  protection for such information  and
          shall otherwise  disclose only  such  information as  is  legally
          required.  If all or any part of the Services are terminated, FMS
          will, and  will use  its best  efforts to  cause its  Agents  to,
          destroy or deliver to FSC, upon request, all documents and  other
          materials,  and  all  copies  thereof,  containing   confidential
          information obtained from  the FSC Group  in connection with  the
          Services so terminated.

               Section 8.     Technology.   FMS  hereby  grants  to  FSC  a
          royalty free, non-exclusive right and license to use (but not  to
          sublicense outside  of the  FSC Group)  any and  all  technology,
          whether or  not  patented, developed  by  or on  behalf  of  FMS,
          relating to the business of FSC; provided that the license hereby
          granted shall not extend  to (i) any  technology developed for  a
          person not  affiliated  with  FMS,  pursuant  to  an  arrangement
          granting such person exclusive rights to such technology, or (ii)
          any technology developed after the termination of this Agreement.

               Section 9.     Dispute Resolution.  FSC and FMS shall  use
          all reasonable efforts to  amicably resolve all disputes  arising
          under this Agreement.  If despite such efforts any matter  cannot
          be  amicably  resolved  the  matter  shall  be  referred  to  the
          Presidents of FSC and FMS who shall promptly meet for the purpose
          of resolving such dispute.  If despite such efforts and  meetings
          the matter remains unresolved, then any affected party may  refer
          the matter to arbitration for final resolution in accordance with
          the commercial rules  of the American  Arbitration Association.  
          Any matter submitted to arbitration shall be decided by a  single
          arbitrator selected by mutual agreement of the parties (or if the
          parties cannot agree  then such arbitrator  shall be selected  by
          the appropriate official or designee of the American  Arbitration
          Association).  Any such arbitration  proceeding shall be held  in
          New Orleans, Louisiana.  Each party shall bear its own costs  and
          expenses, and the  arbitrator's fees and  expenses and the  costs
          and expenses  of the  proceeding itself  shall  be borne  by  the
          parties in such proportions as the arbitrator shall decide.   The
          decision of the arbitrator shall be final and non-appealable, and
          may be enforced in any court of competent jurisdiction.

               Section 10.    Miscellaneous.

               (a)  The  parties  hereto  are  independent  contractors.   
          Nothing in  this Agreement  is intended  or  shall be  deemed  to
          constitute a  partnership,  agency, franchise  or  joint  venture
          relationship between the parties.  Neither party shall incur  any
          debts or  make any  commitments upon  the  other, except  to  the
          extent specifically provided herein.

               (b)  This Agreement constitutes the entire agreement between
          the parties hereto with respect to the matters set forth in  this
          Agreement.   This Agreement  shall not  be amended,  modified  or
          supplemented except by an instrument in writing executed by  each
          of the parties hereto. 

               (c)  All notices and other communications hereunder shall be
          in writing  and shall  be given  by hand  delivery, certified  or
          registered   mail,   return   receipt   requested   or   telecopy
          transmission with confirmation of receipt to the address of  each
          of the parties set forth opposite the signature of such party  on
          the signature page hereof.  All notices and communications  shall
          be deemed given upon receipt thereof. 

               (d)  This Agreement shall  be governed by  and construed  in
          accordance with  the  internal laws  of  the State  of  Louisiana
          without the application of any conflicts of laws principles.

               (e)  This Agreement shall  inure to  the benefit  of and  be
          binding upon the parties  hereto and their respective  successors
          and assigns.  This Agreement shall not be assignable by any party
          hereto without the prior written consent of the other party. 




               IN WITNESS WHEREOF,  the parties hereto  have executed  this
          Agreement as of the date first above written. 

          Address for Notices:                    FM SERVICES COMPANY

          1615 Poydras Street
          New Orleans, LA  70112             By:/s/ Michael J. Arnold           
          Attention:  General Counsel                  Michael J. Arnold
                                             President



          Address for Notices:                    FREEPORT-McMoRan  SULPHUR
          INC.

          1615 Poydras Street
          New Orleans, LA  70112             By:/s/ Robert M. Wohleber          
          Attention:  General Counsel                  Robert M. Wohleber
                                             President and
                                             Chief Executive Officer