PROPOSAL TO DEVELOP BIGGEST U.K. GAS/CONDENSATE FIELD TOPS ACTION OFF NORTHWEST EUROPE

Twelve companies led by units of Chevron Corp. and Conoco Inc. have taken the first steps toward development of Britain's biggest undeveloped gas/condensate reservoir. In other North Sea news: Elf U.K. plc started development studies for Franklin gas/condensate field in the U.K. North Sea. Ranger Oil (U.K.) Ltd. onducted a high flowing test of its Block 23/27-9 appraisal well in the U.K. North Sea and is considering development options.

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