SUMMER SKID SEEN IN U.K. NORTH SEA OIL FLOW

U.K. North Sea oil production could fall as low as 1.71 million b/d this summer because of planned shut-ins to install emergency shutdown valves (ESVS) to comply with government regulations. A study of planned transportation shutdowns in the area by County Natwest Woodmac, Edinburgh, Scotland, shows that the low point of 1.71 million b/d will occur in the third quarter. The third quarter decline will cut overall production in 1990 to about 2.01 million b/d. Woodmac previously forecast 1990

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