TEXACO PLACES NORTH SEA FIELD ON PRODUCTION

A group led by Texaco North Sea U.K. Co. began oil production from Strathspey field in the U.K. North Sea late last year. Texaco's share of Strathspey production will be 15,000 b/d at first. The field is expected to have gross peak production of 45,000 b/d of liquids and 114 MMcfd of gas, of which Texaco's share will be 30,000 b/d and 76 MMcfd. Combined with the company's other North Sea production, Strathspey will boost Texaco's projected U.K. North Sea production in 1994 to