Document:

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                                                                   EXHIBIT 10.79

                               AMENDMENT AGREEMENT

         This Amendment Agreement dated as of September 25, 2000 (this
"Amendment") is among Triton Energy Limited, a Cayman Islands company
("Borrower"), the lenders parties hereto that are listed on the signature pages
hereto ("Banks") and The Chase Manhattan Bank, as Administrative Agent
("Agent"). In consideration of the mutual covenants contained herein, the
Borrower, the Agent and the Banks agree as set forth herein. Capitalized terms
used herein but not defined herein are used herein as defined the Credit
Agreement dated as of February 29, 2000 executed by the Borrower, the Agent and
others, as modified by the consent letter effective as of September 8, 2000 (the
"Agreement").

         1. Amendments to the Agreement.

         1.1 Section 1.01. Definitions of "Exchange Notes", "Existing 8-3/4%
Senior Notes", "New Senior Notes", "New Senior Notes Issuance Date" and
"Retirement Date" are hereby added to Section 1.01 of the Agreement in
appropriate alphabetical order, which definitions shall read as follows:

         "Exchange Notes" means notes issued in a registered exchange offer in
exchange for New Senior Notes in a principal amount equal to, having a maturity
the same as, bearing interest at a rate the same as or less than, and being
subject to covenants substantially the same as, such New Senior Notes.

         "Existing 8-3/4% Senior Notes" means the 8-3/4% senior notes of the
Borrower due April 15, 2002 issued pursuant to the Amended and Restated Senior
Indenture dated as of July 25, 1997 executed by the Borrower and The Chase
Manhattan Bank, as trustee, and having an outstanding principal balance as of
September 25, 2000 of $199,946,833.

         "New Senior Notes" means senior unsecured notes of the Borrower
maturing on or after September 1, 2007 issued pursuant to Rule 144A after
September 25, 2000 and on or before the earlier of the Retirement Date and
October 31, 2000, and Exchange Notes.

         "New Senior Notes Issuance Date" means the first date any New Senior
Note is issued.

         "Retirement Date" means the date on which all Existing 8-3/4% Senior
Notes have been irrevocably retired and cancelled.

         1.2 Section 2.18. Section 2.18 of the Agreement is hereby amended to
read as follows:

         SECTION 2.18. Borrowing Base.

                  (a) The borrowing base ("Borrowing Base") shall be determined
         in accordance with Section 2.18(b) by the Administrative Agent with the
         concurrence of the Required Lenders and is subject to redetermination
         in accordance with Section 2.18(d) and Section 2.18(e). Upon any
         redetermination of the Borrowing Base, such redetermination shall
         remain in effect until the next successive Redetermination Date.
         "Redetermination Date" means the date that the redetermined Borrowing
         Base

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         becomes effective in accordance with Section 2.18(f) both for Scheduled
         Redeterminations and unscheduled redeterminations. So long as any of
         the Commitments are in effect and until all of the Loans outstanding
         hereunder are paid in full, this facility shall be governed by the then
         effective Borrowing Base. During the period from and after the New
         Senior Notes Issuance Date until the first Redetermination Date after
         the New Senior Notes Issuance Date, the amount of the Borrowing Base
         shall be zero.

                  (b) Upon receipt of the Reports in accordance with Section
         5.09, the Administrative Agent will propose a new Borrowing Base. Such
         proposal will be in accordance with the Administrative Agent's normal
         and customary procedures for evaluating international or domestic, as
         the case may be, oil and gas reserves and other related assets as such
         exist at that particular time with any changes to such procedures as
         the Administrative Agent, in its sole discretion, deems reasonably
         appropriate to reflect changed circumstances or conditions generally in
         the domestic or international oil and gas industry including, without
         limitation, adjustments to the rates, volumes, prices and other
         assumptions set forth therein from time to time. The Administrative
         Agent shall propose to the Lenders a new Borrowing Base within 30 days
         following receipt by the Administrative Agent of the Reports in a
         timely and complete manner. After having received notice of such
         proposal by the Administrative Agent, the Required Lenders shall have
         14 days to agree or disagree with such proposal. If, at the end of 14
         days, the Required Lenders have not communicated their approval or
         disapproval, such silence shall be deemed to be an approval and the
         Administrative Agent's proposal shall be the new Borrowing Base. If
         however, the Required Lenders notify the Agent within 14 days of their
         disapproval, the Required Lenders shall, within a reasonable period of
         time, agree on a new Borrowing Base.

                  (c) The Administrative Agent may exclude any Oil and Gas
         Property or portion of production therefrom or any income from any
         other Property from the Borrowing Base, at any time, if any Hydrocarbon
         Interests are forfeited or suspended pursuant to the terms of the
         instrument granting the same.

                  (d) So long as any of the Commitments are in effect or there
         is any Revolving Credit Exposure, effective as of the day notice is
         given under Section 2.18(f) (each being a "Scheduled Redetermination
         Date"), the Administrative Agent and Required Lenders shall redetermine
         the amount of the Borrowing Base in accordance with Section 2.18(b)
         (each being a "Scheduled Redetermination"). In addition, Borrower may
         request an unscheduled redetermination of the Borrowing Base at any
         other time but no more often than once between Scheduled
         Redetermination Dates by specifying in writing to the Administrative
         Agent the date on which such redetermination is to occur and providing
         a Reserve Report in accordance with Section 5.09(b) prior to the
         requested redetermination date and providing any Additional Reports.
         Also, the Required Lenders may request an unscheduled redetermination
         of the Borrowing Base at any other time but no more often than once
         between Scheduled Redetermination Dates by specifying in writing to the
         Borrower the date on which the Borrower is to furnish a Reserve Report
         (and the "as of" date of such Reserve Report) and Additional Reports,
         if any, in accordance with Section 5.09(b) and the date on which such
         redetermination is to occur.

                  (e) If all of the Existing 8-3/4% Senior Notes are irrevocably
         retired and cancelled and if no unscheduled redetermination of the
         Borrowing Base has been requested pursuant to Section 2.18(d) during
         the period from September 25, 2000 through the Retirement Date and no
         Scheduled Redetermination has occurred during such period, (i) the
         Borrower will promptly give notice to the Administrative Agent and the
         Lenders certifying the Retirement Date and the aggregate principal
         amount of all New Senior Notes (other than Exchange Notes) issued
         (whether or not then outstanding), and (ii) the Borrowing Base will
         automatically be deemed to have been redetermined effective as of the
         day

                                      -2-
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         notice as to such redetermination is given under Section 2.18(f) to be
         an amount equal to the lesser of (x) $350,000,000 minus the aggregate
         principal amount (rounded up the nearest $1,000,000 if such aggregate
         principal amount is not an integral multiple of $1,000,000) of all New
         Senior Notes (other than Exchange Notes) issued (whether or not then
         outstanding), and (y) $150,000,000. A redetermination pursuant to this
         Section 2.18(e) shall be considered to be an unscheduled
         redetermination for purposes of Section 2.18(a), but shall not be an
         unscheduled redetermination for purposes of Section 2.18(d), Section
         5.09 or the definition herein of Reserve Report.

                  (f) The Administrative Agent shall promptly notify in writing
         the Borrower and the Lenders of the new Borrowing Base. Any
         redetermination of the Borrowing Base shall not be in effect until
         written notice is given in accordance with Section 9.01.

                  (g) The Borrower agrees to give the Administrative Agent and
         each Lender notice, promptly following the issuance of any New Senior
         Notes, which notice shall set forth the principal amount of, date of
         issuance and maturity of, and interest rate on such New Senior Notes.
         If no New Senior Notes are issued before November 1, 2000, the Borrower
         agrees to give the Administrative Agent and each Lender prompt notice
         thereof.

         1.3 Section 6.01. Clause (b) of Section 6.01 of the Agreement is hereby
amended to read as follows:

         (b) Indebtedness of the Consolidated Group existing on the date hereof
and set forth in Schedule 6.01 (which schedule may exclude Indebtedness of a
member of the Consolidated Group (other than the Borrower) to any other member
of the Consolidated Group) and Indebtedness (other than Indebtedness evidenced
by the New Senior Notes) incurred by the Consolidated Group after the date of
this Agreement the proceeds of which are applied substantially simultaneously
with the receipt thereof to the repayment, retirement, redemption, prepayment or
defeasance of existing Indebtedness (other than Indebtedness evidenced by the
Existing 8-3/4% Senior Notes) of the Consolidated Group (the "Refinanced
Indebtedness"); provided, that (i) such Indebtedness incurred shall be
subordinate and junior to the Indebtedness of the Consolidated Group to the same
(or greater) extent that the Refinanced Indebtedness was subordinate and junior
to the Indebtedness of the Consolidated Group, (ii) such Indebtedness incurred
shall not have a maturity date prior to March 31, 2005 or require the
amortization of principal (whether pursuant to any mandatory payment,
prepayment, repurchase or other obligation) prior to or in an amount greater
than the amortization required under the terms of the Refinanced Indebtedness
and (iii) such Indebtedness incurred shall have terms not materially more
burdensome to the Borrower than such Refinanced Indebtedness, as determined by
the Administrative Agent in its sole discretion;

         Section 6.01 of the Agreement is hereby further amended by deleting the
word "and" at the end of clause (h) of such Section, replacing the period at the
end of clause (i) of such Section with "; and" and adding to the end of such
Section the following:

                  (j)      Indebtedness evidenced by the New Senior Notes in an
                           aggregate principal amount not exceeding $350,000,000
                           and Indebtedness incurred by the Borrower after the
                           New Senior Notes Issuance Date the proceeds of which
                           are applied substantially simultaneously with the
                           receipt thereof to the repayment, retirement,
                           redemption, prepayment or defeasance of the New
                           Senior Notes; provided, that (i) such Indebtedness
                           incurred shall not have a maturity date prior to
                           September 1, 2007 or require the amortization of
                           principal (whether pursuant to any mandatory payment,
                           prepayment, repurchase or other obligation) prior to
                           or in an amount greater than the amortization
                           required under the terms of the New Senior Notes and
                           (ii) such Indebtedness incurred shall have terms not
                           materially more burdensome to the

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                           Borrower than the New Senior Notes, as determined by
                           the Administrative Agent in its sole discretion.

         1.4 Section 6.08. Section 6.08 of the Agreement is hereby amended to
read as follows:

                  Section 6.08. Restrictive Agreements. The Borrower will not,
and will not permit any of its Subsidiaries to, directly or indirectly, enter
into, incur or permit to exist any agreement or other arrangement that
prohibits, restricts or imposes any condition upon the ability of any Subsidiary
to pay dividends or other distributions with respect to any shares of its
capital stock (which term includes all shares, stock and other equivalents of
and interests in equity) or to make or repay loans, advances or other
obligations to the Borrower or any other Subsidiary or to Guarantee Indebtedness
of the Borrower or any other Subsidiary; provided that (i) the foregoing shall
not apply to restrictions and conditions imposed by law or by this Agreement,
(ii) the foregoing shall not apply to restrictions and conditions existing on
the date hereof identified on Schedule 6.08 (but shall apply to any extension or
renewal of, or any amendment or modification expanding the scope of, any such
restriction or condition), (iii) the foregoing shall not apply to customary
restrictions and conditions contained in agreements relating to the sale of a
Subsidiary pending such sale, provided such restrictions and conditions apply
only to the Subsidiary that is to be sold and such sale is permitted hereunder,
(iv) the foregoing shall not apply to a Project Financing Subsidiary, and (v)
the foregoing shall not apply to restrictions and conditions set forth or to be
set forth in any indenture pertaining to the New Senior Notes.

         1.5 Section 7.01. Clause (g) of Section 7.01 of the Agreement is hereby
amended to read as follows:

                  (g)      any event or condition (other than the giving by the
                           Borrower of notice to redeem any Material
                           Indebtedness if the giving of such notice is in the
                           sole discretion of the Borrower) occurs that results
                           in any Material Indebtedness becoming due prior to
                           its scheduled maturity or that enables or permits
                           (with or without the giving of notice, the lapse of
                           time or both) the holder or holders of any Material
                           Indebtedness or any trustee or agent on its or their
                           behalf to cause any Material Indebtedness to become
                           due, or to require the prepayment, repurchase,
                           redemption or defeasance thereof, prior to its
                           scheduled maturity;

         2.       Miscellaneous.

                  2.1 Amendments, Etc. No amendment or waiver of any provision
of this Amendment, nor consent to any departure by the Borrower therefrom, shall
in any event be effective unless effected in accordance with Section 9.02 of the
Agreement.

                  2.2 Governing Law. This Amendment and the Agreement as amended
hereby shall be governed by and construed in accordance with the laws of the
State of New York.

                  2.3 Preservation. Except as specifically modified by the terms
of this Amendment, all of the terms, provisions, covenants, warranties and
agreements contained in the Agreement (including, without limitation, exhibits
thereto) or any of the other documents executed in connection with the Agreement
remain in full force and effect.

                  2.4 Execution in Counterparts. This Amendment may be executed
in any number of counterparts and by different parties hereto in separate
counterparts, 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.

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                  2.5 Bank Credit Decision. Each Bank acknowledges that it has,
independently and without reliance upon the Agent or any other Bank and based on
such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Amendment and to agree to the various
matters set forth herein. Each Bank also acknowledges that it will,
independently and without reliance upon the Agent or any other Bank and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
the Agreement as amended hereby.

                  2.6 Representations. The Borrower hereby represents and
warrants to the Agent and the Banks that after giving effect to this Amendment:

                  (i)      The representations and warranties contained in
                           Article III of the Agreement are true and correct on
                           and as of the date hereof as though made on and as of
                           the date hereof, and

                  (ii)     No event has occurred and is continuing which
                           constitutes a Default.

                  2.7 Authority, etc. The Borrower hereby represents and
warrants to the Agent and the Banks that (i) each of the Borrower and its
Material Subsidiaries is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization, (ii) the execution,
delivery and performance of this Amendment, and the performance of the
Agreement, as amended hereby, by the Borrower are within the corporate power of
the Borrower, have been duly authorized by all necessary company action, will
not violate or result in a default under or give rise to any right to require
any payment to be made by the Borrower or any of its Subsidiaries under (A) the
charter, bylaws or other organizational documents of the Borrower or any of its
Subsidiaries, (B) any order, writ, injunction or decree, or (C) law or any
indenture, agreement or other instrument binding on the Borrower, any Subsidiary
of the Borrower or any of their respective assets, and will not result in or
require the creation or imposition of any Lien prohibited by the Agreement,
(iii) this Amendment has been duly executed and delivered by the Borrower, (iv)
this Amendment and the Agreement, as amended hereby, constitute legal, valid and
binding obligations of the Borrower enforceable against the Borrower in
accordance with their respective terms, except as such enforceability may be
limited by any applicable bankruptcy, reorganization, insolvency, moratorium or
similar law affecting creditors' rights generally, and subject to general
principles of equity, and (v) no authorization, consent, license or approval of,
or other action by, and no notice to or registration or filing with, any
Governmental Authority or other Person is required for the due execution,
delivery and performance of this Amendment or the performance of the Agreement,
as amended hereby.

                  2.8 Default. Without limiting any other event which may
constitute an Event of Default, in the event any representation or warranty set
forth herein shall be untrue in any material respect when made, such event shall
constitute an "Event of Default" under the Agreement, as amended hereby.

                  2.9 Effectiveness. This Amendment shall become effective, as
of the date first above written, when it shall have been executed by the
Borrower, the Agent and Banks sufficient to meet the requirements of Section
9.02 of the Agreement; provided that if no New Senior Notes (as that term is
defined in the Agreement, as amended hereby) are issued before November 1, 2000,
this Amendment will be null and void.

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

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                                       TRITON ENERGY LIMITED

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       THE CHASE MANHATTAN BANK, individually
                                       and as Administrative Agent

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       BNP PARIBAS

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       DEUTSCHE BANK AG

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       FORTIS CAPITAL CORP.

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       BANK OF AMERICA, N.A.

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                       BARCLAYS BANK PLC

                                       By:
                                           ----------------------------------
                                       Name:
                                             --------------------------------
                                       Title:
                                              -------------------------------

                                      -6-<PAGE>   1
                                                                  EXHIBIT 10.80

                              TRITON ENERGY LIMITED
                    2000 BROAD-BASED SHARE COMPENSATION PLAN

         Triton Energy Limited (the "Company") hereby establishes its 2000
Broad-Based Share Compensation Plan. Capitalized terms used herein are defined
in Article XII.

                                    ARTICLE I
                      Purpose; Administration; Eligibility

         1.1 Purpose. The purpose of the Plan is to help the Company and its
Subsidiaries attract and retain Directors, Employees and Advisors and to provide
such persons with a proprietary interest in the Company, which will (a) increase
the interest of the Directors, Employees and Advisors in the Company's welfare;
(b) furnish an incentive to the Directors, Employees and Advisors to continue
their services for the Company or its Subsidiaries; and (c) provide a means
through which the Company or its Subsidiaries may attract able persons to enter
its employ or serve as Directors, Employees or Advisors.

         1.2 Administration. The Plan shall be administered by a committee or
committees of Directors appointed by the Board, each of which may delegate all
or any of a portion of its powers with respect to the Plan to a committee of
Directors, whether or not then serving on the appointing committee; provided
that, with respect to any Stock Option that is intended to satisfy the
requirements of the Section 162(m) Exception, such committee shall consist of at
least such number of Directors as are required from time to time to satisfy the
Section 162(m) Exception, and each such committee member shall qualify as an
"outside director" within the meaning of Section 162(m). Any member of any such
committee may be removed at any time, with or without cause, by resolution of
the Board. Any vacancy occurring in the membership of the committee may be
filled by appointment by the Board.

         The Committee may adopt such rules and regulations for its operation as
it deems appropriate. A majority of the Committee shall constitute a quorum and
the act of a majority of the members of the Committee present at a meeting at
which a quorum is present shall be the act of the Committee. Subject to the
terms hereof, the Committee shall have complete discretion and authority to (i)
designate from time to time the persons to whom Stock Options will be granted
and Restricted Shares will be issued, (ii) interpret the Plan, (iii) prescribe,
amend, and rescind any rules and regulations necessary or appropriate for the
administration of the Plan, (iv) determine the terms, details and provisions of
each Stock Option Agreement and Restricted Share Agreement, (v) modify or amend
any Stock Option Agreement, and Restricted Share Agreement or modify, amend or
waive any terms, conditions or restrictions applicable to any Stock Option or
Restricted Shares, and (vi) make such other determinations and, subject to the
terms of the Plan, take such other action as it deems necessary or advisable.
Except as provided below, any interpretation, determination, or other action
made or taken by the Committee shall be final, binding, and conclusive on all
interested parties, including the Company and all Participants.
<PAGE>   2
                                       2

         1.3 Eligibility. Any Director, Employee and Advisor whose judgment,
initiative, and efforts contributed or may be expected to contribute to the
successful performance of the Company is eligible to participate in the Plan.
The Committee's determinations under the Plan (including without limitation
determinations of which persons, if any, are to receive Stock Options and
Restricted Shares, the form, amount and timing of such Stock Options and
Restricted Shares, the terms and provisions of such Stock Options and Restricted
Shares and any agreements evidencing same) need not be uniform and may be made
by it selectively among Employees, Directors and/or Advisors who receive, or are
eligible to receive, Stock Options and Restricted Shares under the Plan.

         1.4 Broad-Based Limitation. The Plan is intended to constitute a
"broadly-based" plan for purposes of the rules of the New York Stock Exchange.
Accordingly, at least a majority of the Ordinary Shares underlying awards
granted under the Plan, whether as Restricted Shares or underlying Stock
Options, during the three-year period commencing on the date the Plan is adopted
by the Company shall be awarded to Employees who are not "officers" (as defined
in the rules of the New York Stock Exchange) or Directors.

                                   ARTICLE II
                             Shares Subject to Plan

         The Committee may not grant Stock Options or issue Restricted Shares
under the Plan for more than 1,200,000 Ordinary Shares, in the aggregate (as may
be adjusted in accordance with Article VIII or IX hereof), and no Participant
shall be eligible to receive more than 50% of such shares. Shares to be
distributed and sold may be made available from either authorized but unissued
Ordinary Shares or Ordinary Shares held by the Company in its treasury. Shares
that by reason of the expiration or unexercised termination of a Stock Option or
forfeited Restricted Shares are no longer subject to issuance to the Participant
may be reofferred under the Plan.

                                   ARTICLE III
                                  Stock Options

         3.1 Eligibility. Subject to the limitations contained in the Plan, the
Committee shall, from time to time, select the particular Directors, Employees
and Advisors to whom the Stock Options provided under this Article are to be
granted.

         3.2 Grant of Stock Options. All grants of Stock Options under this
Article shall be awarded by the Committee at such times and for such amounts as
the Committee may determine. The grant of Stock Options shall be evidenced by
Stock Option Agreements setting forth the total number of shares subject to each
Stock Option, the option exercise price, the term of the Stock Option, and such
other terms and provisions as are not inconsistent with the Plan.

         3.3 Option Exercise Price. The exercise price for a Stock Option
granted under this Article shall be determined by the Committee and shall be an
amount not less than 100% of the Fair Market Value per Ordinary Share on the
Date of Grant.
<PAGE>   3
                                       3

         3.4 Option Period. The option period for each Stock Option granted
under this Article will begin and terminate on the respective dates specified by
the Committee. No Stock Option granted under the Plan may be exercised at any
time after its term. The Committee may provide that Stock Options granted under
this Article may vest and be exercised in installments and upon such terms,
conditions and restrictions as it may determine.

         3.5 Payment. Full payment for shares purchased upon exercise of a Stock
Option shall be made (i) in cash, (ii) by certified or cashier's check, (iii) if
permitted by the Committee, by Ordinary Shares, (iv) if permitted by the
Committee, and if permitted under applicable law, by delivery of a promissory
note for the purchase price, which note shall provide for full personal
liability of the maker and shall contain such other terms and provisions as the
Committee may determine, including without limitation the right to repay the
note partially or wholly with Ordinary Shares, (v) by delivery of a copy of
irrevocable instructions from the Participant to a broker or dealer, reasonably
acceptable to the Company, to sell certain of the shares purchased upon exercise
of the Stock Option or to pledge them as collateral for a loan and promptly
deliver to the Company the amount of sale or loan proceeds necessary to pay such
purchase price or (vi) if permitted by the Committee, and to the extent
permitted under applicable law, by any combination of the foregoing. If any
portion of the purchase price or a note given at the time of exercise is paid in
Ordinary Shares, those shares shall be valued at the then Fair Market Value.

         3.6 Exercise of Stock Options. Stock Options granted under the Plan may
be exercised during the option period, at such times and in such amounts, in
accordance with the terms and conditions and subject to such restrictions as are
set forth herein and in the applicable Stock Option Agreements. The Committee
shall have the right to accelerate the time at which any Stock Option granted
under this Article shall become vested and exercisable.

         Subject to such administrative regulations as the Committee may from
time to time adopt, a Stock Option will be deemed exercised for purposes of the
Plan when (i) written notice of exercise has been received by the Company (which
notice shall set forth the number of Ordinary Shares with respect to which the
Stock Option is to be exercised and the date of exercise thereof) and (ii)
payment of the Option Exercise Price is received by the Company in accordance
with Section 3.5 above; provided that, with respect to a cashless exercise of
any Stock Option (in accordance with clause (v) of Section 3.5 above), such
Stock Option will be deemed exercised for purposes of the Plan on the date of
sale of the Ordinary Shares received upon exercise.

                                   ARTICLE IV
                                Restricted Shares

         4.1 Eligibility. The Committee shall have complete discretion to select
the particular Directors, Employees and Advisors to whom Restricted Shares may
be issued, if any.

         4.2 Transfer Restrictions. Subject to the terms, provisions and
conditions of the Plan, the Committee shall, upon the approval of the issuance
of Restricted Shares, determine the number of shares to be issued to each
Participant and to prescribe the form of the instruments evidencing any issuance
of Restricted Shares and the legend, if any, to be affixed to the

<PAGE>   4
                                       4

certificates representing Restricted Shares. Restricted Shares shall not be
sold, transferred or otherwise disposed of, and shall not be pledged or
otherwise hypothecated (any such sale, transfer or other disposition, pledge or
other hypothecation being referred to as "to dispose of" or a "disposition"), by
any Participant except as permitted under any conditions imposed by the
Committee in connection with the issuance thereof. The Committee may require any
Participant to whom Restricted Shares are issued to execute and deliver to the
Company a stock power in blank with respect to the shares issued and may require
that the Company retain possession of the certificates for shares with respect
to which the restrictions have not lapsed.

         4.3 Notice to Company of Section 83(b) Election. Any Participant who
exercises the election under Section 83(b) of the Code to have his receipt of
Restricted Shares taxed currently without regard to the restrictions shall give
notice to the Company of such election immediately upon making the election.
Such an election must be made within 30 days of the effective date of issuance
and cannot be revoked except with the consent of the Internal Revenue Service,
as required by the treasury regulations under the Code.

         4.4 Withholding. The Company is authorized to withhold any tax required
to be withheld from the amount considered as taxable compensation to the
Participant. In the event that funds are not otherwise available to cover any
required withholding tax, the Participant shall be required to provide such
funds before shares shall be issued to him.

                                    ARTICLE V
                      Termination of Employment or Service

         In the event a Participant who is an Employee shall cease to be
employed by the Company or a Subsidiary, or a Participant who is a Director or
Advisor shall cease to serve as a Director or Advisor, for any reason other than
death, Retirement, Disability or for Cause, (i) the Committee shall have the
ability to accelerate the vesting of the Participant's Stock Option and the
lapse of any transfer restrictions imposed on Restricted Shares in its sole
discretion, and (ii) except as otherwise provided by the Committee at the time
of the grant of a Stock Option, such Participant's Stock Option shall be
exercisable (to the extent exercisable on the date of termination of employment
or service as a Director or Advisor, or, if the Committee, in its discretion,
has accelerated the vesting of such Stock Option, to the extent exercisable
following such acceleration) at any time within one year after the date of
termination of employment or service as a Director or Advisor, unless the
Committee agrees, in its sole discretion, to further extend the term of such
Stock Option.

         In addition, except as otherwise provided by the Committee at the time
of the grant of a Stock Option or the issuance of Restricted Shares, a
Participant's Stock Option may be exercised and any transfer restrictions
imposed on a Participant's Restricted Shares shall lapse as follows in the event
such Participant ceases to serve as an Employee, Director or Advisor due to
death, Disability, Retirement or for Cause:

                  (a) Death. If a Participant dies while employed by the Company
         or a Subsidiary, or while serving as a Director or Advisor, or within
         three months after ceasing to be an Employee, Director or Advisor, his
         Stock Option shall become fully

<PAGE>   5
                                       5

         vested and exercisable on the date of his death and shall expire three
         years thereafter, unless by its terms it expires sooner or the
         Committee agrees, in its sole discretion, to further extend the term of
         such Stock Option, and any transfer restrictions imposed on a
         Participant's Restricted Shares shall lapse. During such period, the
         Stock Option may be fully exercised, to the extent that it remains
         unexercised on the date of death, by the Participant's personal
         representative or by the distributees to whom the Participant's rights
         under the Stock Option shall pass by will or by the laws of descent and
         distribution.

                  (b) Retirement. If a Participant ceases to be employed by the
         Company or a Subsidiary, or ceases to serve as a Director or Advisor,
         as a result of Retirement, (i) the Committee shall have the ability to
         accelerate the vesting of the Participant's Stock Option and the lapse
         of any transfer restrictions imposed on Restricted Shares in its sole
         discretion, and (ii) the Participant's Stock Option shall be
         exercisable (to the extent exercisable on the effective date of such
         retirement or, if the vesting of such Stock Option has been
         accelerated, to the extent exercisable following such acceleration) at
         any time within one year after the effective date of such Retirement,
         unless by its terms the Stock Option expires sooner or the Committee
         agrees, in its sole discretion, to further extend the term of such
         Stock Option.

                  (c) Disability. If a Participant ceases to be employed by the
         Company or a Subsidiary, or ceases to serve as a Director or Advisor,
         as a result of Disability, the Participant's Stock Option shall become
         fully vested and exercisable and shall expire 12 months thereafter,
         unless by its terms it expires sooner or, unless the Committee agrees,
         in its sole discretion, to extend the term of such Stock Option, and
         any transfer restrictions imposed on a Participant's Restricted Shares
         shall lapse.

                  (d) Cause. If a Participant ceases to be employed by the
         Company or a Subsidiary, or ceases to serve as a Director or Advisor,
         because the Participant is terminated for Cause, the Participant's
         Stock Option shall automatically terminate, and any Restricted Shares
         as to which the transfer restrictions imposed thereon have not lapsed
         shall be returned and forfeited to the Company, unless the Committee
         otherwise agrees in its sole discretion.

                                   ARTICLE VI
                           Amendment or Discontinuance

         The Plan may be amended or discontinued by the Board or the Committee,
without the approval of the shareholders or Participants; provided that no
termination or amendment of the Plan may, without the consent of the Participant
to whom any Stock Option has theretofore been granted or Restricted Shares have
been issued, adversely affect the rights of such Participant with respect to
such Stock Option or Restricted Shares.

<PAGE>   6
                                       6

                                   ARTICLE VII
                                      Term

         The Plan may be terminated at any time by action of the Board or the
Committee; provided that such termination will not adversely affect the terms of
any outstanding Stock Options or Restricted Shares.

                                  ARTICLE VIII
                               Capital Adjustments

         If at any time while the Plan is in effect or unexercised Stock Options
are outstanding there shall be any increase or decrease in the number of issued
and outstanding Ordinary Shares, or there shall be a change in the issued and
outstanding Ordinary Shares, through the declaration of a share dividend or
through any recapitalization, stock split, combination, or exchange of Ordinary
Shares, then and in such event:

                  (i) Any Restricted Shares issued or deemed issued hereunder
         will be deemed outstanding and affected in the same manner as the
         outstanding Ordinary Shares (provided that any securities or other
         property distributed or deemed distributed in respect of Restricted
         Shares shall be subject to the transfer restrictions then imposed on
         the underlying Restricted Shares);

                  (ii) An appropriate adjustment shall be made in the maximum
         number of Ordinary Shares then subject to being awarded under grants
         pursuant to the Plan, to the end that the same proportion of the
         Company's issued and outstanding Ordinary Shares shall continue to be
         subject to being so awarded; and

                  (iii) Appropriate adjustments shall be made in the number of
         Ordinary Shares and the exercise price per share thereof then subject
         to purchase pursuant to each Stock Option previously granted and
         unexercised, to the end that the same proportion of the Company's
         issued and outstanding Ordinary Shares in each instance shall remain
         subject to purchase at the same aggregate exercise price.

         Any fractional shares resulting from any adjustment made pursuant to
this Article shall be rounded to the nearer whole share for the purposes of such
adjustment. Except as otherwise expressly provided herein, the issuance by the
Company of shares of any class, or securities convertible into shares of any
class, either in connection with direct sale or upon the exercise of rights or
warrants to subscribe therefor, or upon conversion of shares or obligations of
the Company convertible into such shares or other securities, shall not affect,
and no adjustment by reason thereof shall be made with respect to, the number of
or exercise price of Ordinary Shares then subject to outstanding Stock Options
granted under the Plan.

<PAGE>   7
                                       7

                                   ARTICLE IX
                   Recapitalization, Merger and Consolidation

                  (a) The existence of this Plan shall not affect in any way the
         right or power of the Company or its shareholders to make or authorize
         any or all adjustments, recapitalizations, reorganizations or other
         changes in the Company's capital structure or its business, or any
         merger, share exchange or consolidation of the Company, or any issue of
         bonds, debentures, preferred or prior preference shares ranking prior
         to or otherwise affecting the Ordinary Shares or the rights thereof (or
         any rights, options or warrants to purchase same), or the dissolution
         or liquidation of the Company, or any sale or transfer of all or any
         part of its assets or business, or any other corporate act or
         proceeding, whether of a similar character or otherwise.

                  (b) Subject to any required action by the shareholders, if the
         Company shall be the surviving or resulting corporation in any merger,
         share exchange or consolidation, any outstanding Stock Option granted
         hereunder shall pertain to and apply to the securities or rights
         (including cash, property or assets) to which a holder of the number of
         Ordinary Shares subject to the Stock Option would have been entitled.

                  (c) In the event of any merger, share exchange or
         consolidation pursuant to which the Company is not the surviving or
         resulting corporation, there shall be substituted for each Ordinary
         Share subject to the unexercised portions of such outstanding Stock
         Option that number of shares of each class of shares or other
         securities or that amount of cash, property or assets of the surviving
         or consolidated company which were distributed or distributable to the
         shareholders of the Company in respect of each Ordinary Share held by
         them, such outstanding Stock Options to be thereafter exercisable for
         such shares, securities, cash or property in accordance with their
         terms.

                  (d) In the event of a Change in Control of the Company, then,
         notwithstanding any other provision in the Plan to the contrary, the
         vesting of all unvested installments of Stock Options outstanding shall
         thereupon automatically be accelerated and all such Stock Options shall
         become exercisable in full and any transfer restrictions remaining
         applicable to Restricted Shares shall automatically lapse.

                  (e) In case the Company shall, at any time while any Stock
         Option under this Plan shall be in force and remain unexpired, (i) sell
         all or substantially all of its property, or (ii) dissolve, liquidate,
         or wind up its affairs, then each Participant may thereafter receive
         upon exercise thereof (in lieu of each Ordinary Share which such
         Participant would have been entitled to receive) the same kind and
         amount of any securities or assets as may be issuable, distributable or
         payable upon any such sale, dissolution, liquidation, or winding up
         with respect to each Ordinary Share. In the event that the Company
         shall, at any time prior to the expiration of any Stock Option, make
         any partial distribution of its assets in the nature of a partial
         liquidation, spin-off or other special distribution, then the Committee
         may make or provide for such adjustment in the number of Ordinary
         Shares covered by outstanding Stock Options, in the exercise price
         applicable to such

<PAGE>   8
                                       8

         Stock Options and/or in the kind of shares covered thereby that the
         Committee, in its sole discretion, exercised in good faith, may
         determine is equitably required to prevent dilution or enlargement of
         rights of Participants that otherwise would result therefrom.

                                    ARTICLE X
                    Options in Substitution for Stock Options
                          Granted by Other Corporations

         Stock Options may be granted under the Plan from time to time in
substitution for stock options held by employees of a corporation who become or
are about to become Employees of the Company or a Subsidiary as the result of a
merger or consolidation of the employing corporation with the Company or a
Subsidiary, the acquisition by either of the foregoing of stock of the employing
corporation as the result of which it becomes a Subsidiary or a sale of
substantially all of the assets of the employing corporation. The terms and
conditions of the substitute options so granted may vary from the terms and
conditions set forth in this Plan to such extent as the Committee at the time of
grant may deem appropriate to conform, in whole or in part, to the provisions of
the options in substitution for which they are granted.

                                   ARTICLE XI
                            Miscellaneous Provisions

         11.1 Transferability of Stock Options. The Committee may, in its sole
discretion, provide in any Stock Option Agreement (or in an amendment to any
existing Stock Option Agreement) such provisions regarding transferability of
the Stock Options as the Committee, in its sole discretion, deems appropriate.
Unless otherwise provided by the Committee at the time of the grant of a Stock
Option, no Stock Option shall be assignable or transferable by a Participant,
except (i) by will or by the laws of descent and distribution, (ii) pursuant to
the terms of a domestic relations order (as defined by the Internal Revenue Code
of 1986, as amended, or Title I of the Employee Retirement Income Security Act
of 1974, as amended, or the rules thereunder), or (iii) to members of the
Participant 's immediate family (i.e., parents, children, grandchildren or
spouse), trusts for the benefit of such immediate family members, and
partnerships in which such immediate family members are partners; provided that
any such transfer shall be in accordance with all applicable laws, rules and
regulations; and provided further that the provisions of the applicable Stock
Option Agreement and the Plan that are governed by the Participant 's employment
status with the Company or any Subsidiary shall continue in effect
notwithstanding any such transfer.

         11.2 Investment Intent. The Company may require that there be presented
to and filed with it by any Participant(s) under the Plan, such evidence as it
may deem necessary to establish that the Stock Options granted or the Ordinary
Shares to be issued, purchased or transferred are being acquired for investment
and not with a view to their distribution.

         11.3 No Right to Continue Employment. Nothing in the Plan or the grant
of any Stock Option or the issuance of any Restricted Shares confers upon any
Director, Officer, Employee or Advisor the right to continue in the employ or
service of the Company or interferes with or

<PAGE>   9
                                       9

restricts in any way the right of the Company to discharge or remove any
Director, Officer, Employee or Advisor at any time (subject to any contract
rights of such person).

         11.4 Shareholders' Rights. The holder of a Stock Option shall have none
of the rights or privileges of a shareholder except with respect to shares which
have been actually issued.

         11.5 Tax Withholding.

                  (a) Whenever Ordinary Shares are to be issued in satisfaction
         of a Stock Option granted hereunder, the Company shall have the right
         to require the Participant to remit to the Company an amount sufficient
         to satisfy federal, state, local or other withholding tax requirements
         (whether so required to secure for the Company an otherwise available
         tax deduction or otherwise) prior to the delivery of any certificate or
         certificates for such shares.

                  (b) When a Participant is required to pay to the Company an
         amount required to be withheld under applicable tax laws in connection
         with a Stock Option, such payment may be made (i) in cash, (ii) by
         check, (iii) if permitted by the Committee, by delivery to the Company
         of Ordinary Shares already owned by the Participant having a Fair
         Market Value on the date the amount of tax to be withheld is to be
         determined (the "Tax Date") equal to the amount required to be
         withheld, (iv) if permitted by the Committee, through the withholding
         by the Company of a portion of the Ordinary Shares acquired upon the
         exercise of the Stock Options having a Fair Market Value on the Tax
         Date equal to the amount required to be withheld, or (v) in any other
         form of valid consideration, as permitted by the Committee in its
         discretion.

         11.6 Indemnification of Board and Committee. No member of the Board or
the Committee, nor any officer or Employee of the Company acting on behalf of
the Board or the Committee, shall be personally liable for any action,
determination, or interpretation taken or made in good faith with respect to the
Plan, and all members of the Board or the Committee and each and any officer or
Employee of the Company acting on their behalf shall, to the extent permitted by
law, be fully indemnified and protected by the Company in respect of any such
action, determination or interpretation.

         11.7 Government Regulations. Notwithstanding any of the provisions
hereof, or of any written agreements evidencing Stock Options or Restricted
Shares granted or issued hereunder, the obligation of the Company to issue, sell
and deliver shares and remove any restrictions on any Restricted Shares shall be
subject to all applicable laws, rules and regulations and to such approvals by
any government agencies or national securities exchanges as may be required. The
Participant shall not exercise any Stock Option, and the Company shall not be
obligated to issue any shares or remove restrictions on any Restricted Shares,
if such exercise, issuance or removal would constitute a violation by the
Participant or the Company of any provision of any law or regulation of any
governmental authority or any agreement with any stock exchange.
<PAGE>   10
                                       10

                                   ARTICLE XII
                                   Definitions

         For the purpose of this Plan, unless the context requires otherwise,
the following terms shall have the meanings indicated:

         "Advisor" means any person performing services for the Company or any
Subsidiary of the Company, with or without compensation, to whom the Company
chooses to grant Stock Options or to whom the Company chooses to issue
Restricted Shares in accordance with the Plan, provided that bona fide services
must be rendered by such person and such services shall not be rendered in
connection with the offer or sale of securities in a capital-raising
transaction.

         "Board" means the Board of Directors of the Company as constituted from
time to time.

         "Cause" means an act or acts involving a felony, fraud, willful
misconduct, the commission of any act that causes or reasonably may be expected
to cause substantial injury to the Company, or other good cause. The term "other
good cause" shall include, but shall not be limited to, habitual impertinence, a
pattern of conduct that tends to hold the Company up to ridicule in the
community, conduct disloyal to the Company, conviction of any crime of moral
turpitude, and substantial dependence, as judged by the Committee, on alcohol or
any controlled substance. To the extent that a Participant is a party to a
written employment agreement with the Company or any Subsidiary that contains a
provision setting forth consequences for termination for cause and a definition
of cause, such definition shall control with respect to benefits granted
hereunder.

         "Change in Control" means the occurrence of any of the following
events: (i) there shall be consummated (x) any consolidation, amalgamation,
merger or other form of business combination of the Company, or to which the
Company is a party, in which (I) the Company is not the continuing or surviving
corporation or (II) where the Company is the continuing or surviving
corporation, the Company's Ordinary Shares would be converted into cash,
securities or other property, or the holders of the Company's Ordinary Shares
immediately prior to the consolidation, amalgamation, merger or other form of
business combination would represent less than a majority of the common stock or
ordinary shares of the surviving corporation immediately after the
consolidation, amalgamation, merger or other form of business combination, or
(y) any sale, lease, exchange or other transfer (excluding transfer by way of
pledge or hypothecation), in one transaction or a series of related
transactions, of all, or substantially all, of the assets of the Company, (ii)
the shareholders of the Company approve any plan or proposal for the liquidation
or dissolution of the Company, (iii) any "person" (as such term is defined in
Section 3(a)(9) or Section 13(d)(3) under the Securities Exchange Act of 1934,
as amended (the "1934 Act")) or any "group" (as such term is used in Rule 13d-5
promulgated under the 1934 Act), other than the Company or any successor of the
Company or any Subsidiary of the Company or any employee benefit plan of the
Company or any Subsidiary (including such plan's trustee), becomes, without the
prior approval of the Board, a beneficial owner for purposes of Rule 13d-3
promulgated under the 1934 Act, directly or indirectly, of securities of the
Company representing 25.0% or

<PAGE>   11
                                       11

more of the Company's then outstanding securities having the right to vote in
the election of Directors of the Company, or (iv) during any period of two
consecutive years, individuals who, at the beginning of such period constituted
the entire Board (the "Incumbent Directors"), cease for any reason (other than
death) to constitute a majority of the Directors of the Company, unless the
election, or the nomination for election, by the Company's shareholders, of each
new Director of the Company was approved by a vote of at least two-thirds of the
Incumbent Directors (so long as such new Director was not nominated by a person
who expressed an intent to effect a change in control of the Company or engage
in a proxy or other control contest) in which case such new Director shall be
considered an Incumbent Director.

         "Code" means the Internal Revenue Code of 1986, as amended.

         "Committee" means the committee or committees appointed or designated
by the Board or another Committee in accordance with Section 1.2 of the Plan.

         "Date of Grant" means the effective date on which a Stock Option is
awarded to a Director, Employee, or Advisor as set forth in the Stock Option
Agreement.

         "Director" means a member of the Board.

         "Disability" means an event whereby a Participant is rendered unable to
engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment in accordance with policies as may be
determined from time to time by the Committee.

         "Employee" means an employee of the Company or of any Subsidiary.

         "Fair Market Value" of an Ordinary Share means (i) the closing price
per share on the principal stock exchange on which the Ordinary Shares are
traded, or (ii) if not listed for trading on a stock exchange, the mean between
the closing or average (as the case may be) bid and asked prices per Ordinary
Share on the over-the-counter market, whichever is applicable.

         "1934 Act" means the Securities Exchange Act of 1934, as amended.

         "Ordinary Shares" means the Ordinary Shares, par value $.01 per share,
of the Company or in the event that the outstanding Ordinary Shares are
hereafter changed into or exchanged for shares or other securities of the
Company or another issuer, such other shares or securities.

         "Participant" means any Employee, Director or Advisor who is, or who is
proposed to be, a recipient of a Stock Option or Restricted Shares.

         "Plan" means this Triton Energy Limited 2000 Broad Based Share
Compensation Plan, as amended from time to time.

         "Restricted Shares" means Ordinary Shares issued to a Participant
pursuant to Article IV.
<PAGE>   12
                                       12

         "Retirement" of a Participant shall be deemed to be retirement in
accordance with policies as may be determined from time to time by the
Committee.

         "Restricted Share Agreement" means an agreement between the Company and
a Participant with respect to the issuance of Restricted Shares.

         "Section 162(m)" means Section 162(m) of the Code and the regulations
promulgated thereunder from time to time.

         "Section 162(m) Exception" means the exception under Section 162(m) for
"qualified performance-based compensation."

         "Stock Options" means any and all Stock Options granted pursuant to
Article III of the Plan. Stock Options are not intended to be treated as an
"incentive stock option" under Section 422 of the Code.

         "Stock Option Agreement" means an agreement between the Company and a
Participant with respect to one or more Stock Options.

         "Subsidiary" means any corporation in an unbroken chain of corporations
beginning with the Company if each of the corporations other than the last
corporation in the unbroken chain owns stock possessing 50% or more of the total
combined voting power of all classes of stock in one of the other corporations
in the chain, and "Subsidiaries" means more than one of any such corporations.

         IN WITNESS WHEREOF, the Company has caused this instrument to be
executed effective as of the 25th day of August, 2000.

                                    TRITON ENERGY LIMITED

                                    By:
                                        --------------------------------
                                        James C.Musselman, President and
                                        Chief Executive Officer

Attest:

------------------------------
Thomas J. Murphy,
Secretary

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