NORTH SEA OIL FLOW UP; DRILLING ACTIVITY DOWN

North Sea oil production passed 5 million b/d for the first time last November, breaking a record set only the month before. The new mark stands at 5.08 million b/d, up from October's 4.94 million b/d. Meantime, a number of new fields off the U.K. went on stream late last year, assuring a hefty volume of oil production as 1994 got under way. North Sea operators achieved their record production volumes despite a slide in drilling activity. Drilling for the first 9 months of 1993 was down 14%

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