TEXACO SCHEDULES NORTH SEA SUBSEA SYSTEM

Texaco North Sea (U.K.) Co. has received British government approval to develop Strathspey field in North Sea Block 3/4a using a subsea Development system costing 398 million ($700 million). Strathspey will be one of the largest, most complex subsea developments in the North Sea. Production, to begin in 1993, will peak at 39,000 b/d of crude oil, 120 MMcfd of gas, and 4,000 b/d of natural gas liquids.

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