SHELL/ESSO EYE BRENT REDEVELOPMENT

Shell U.K. Ltd. and Esso U.K. plc will spend El.3 billion ($1.95 billion) to redevelop Brent, the U. K.'s biggest oil field. The project will entail a major refurbishment of the giant field's four large platform topsides. Shell U.K. Exploration & Production, operator for the Shell/Esso combine, will begin a unique 5 year engineering program that will transform Brent into a gas field and extend field life at least 10 years.

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