TWO MAJOR U.K. NORTH SEA PROJECTS APPROVED

The U.K. Department of Energy has approved two major development projects in the U.K. North Sea. Chevron U.K. Ltd. has a green light for a 650 million ($1.1 billion) first phase development of 400 million bbl Alba field 130 miles northeast of Aberdeen on Block 16/26. And an Amoco (U.K.) Exploration Co. group has permission to proceed with a 1 billion ($1.7 billion) development of Everest and Lomond gas fields in Quadrants 22 and 23 and the central area transmission systems (CATS), a 255 mile

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