CHEVRON PLANS N. SEA EOCENE DEVELOPMENT

Chevron U.K. Ltd., operator for a 10 company group, is ready to proceed with development of the North Sea's first Eocene reservoir. It will soon submit to partners its plan of development for Alba oil field in Block 16/26 of the U.K. sector. An appraisal program there also confirmed Kilda gas field underlying the Alba reservoir. Industry sources say Kilda is one of the biggest gas reservoirs in the northern part of the U.K. North Sea. Chevron has not disclosed the size of Kilda reserves

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