OIL PRODUCTION BUILDING IN BELIDA FIELD OFF INDONESIA

Conoco Indonesia Ltd. and partners have achieved phase two production in Belida oil field off Indonesia in the South Natuna Sea. Phase two oil began flowing Oct. 22 from the BB-01 directional development well. BB-01 is the first of as many as 20 directional development wells to be drilled and placed on production by April 1994 on Belida Platform B (WHP-B). Simultaneous drilling and production will continue on WHP-B until then.