U.K. INDUSTRY CHALKS UP 1992 AS BIG, BUSY YEAR

The U.K. petroleum industry logged a banner year in 1992. Figures compiled by the British Department of Trade & Industry (DTI) show the number of producing fields climbed to another record, oil flow is approaching 700 million bbl/year, reserves replacement tops production, and upstream spending is climbing. DTI's annual "Brown Book," an annual report to Parliament on British oil and gas resources, lists 113 fields on production at the end of February 1993. That broke the previous

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