Natural gas is doing more to earn its title of "fuel of the future." Offshore Europe's E&D revival continues as gas sets the pace. The Netherlands has agreed to let Shell, Esso, and Mobil resume drilling for gas in the Wadden Zee. The 5 year agreement, now being ratified by the Dutch government, entails not reinstating a 10 year ban, which expired last week, on all E&D in the environmentally sensitive area. The government estimates the Wadden Zee contains 5.25 7 tcf of gas in place and could produce 2.8 tcf. Meantime, BP predicts its North Sea output will rise 6% by 1996, with gas production rising t...

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