AMOCO PLANS NORTH SEA GAS PROJECT

Amoco (U.K.) Exploration Co. and partners plan to invest 160 million ($240 million) during the next 2 years to boost gas production from Indefatigable field and develop several nearby fields in the North Sea's southern gas basin. Amoco plans a 37 million ($55 million) revamp of Indefatigable's central compression platform on Block 49/18. This will involve reconfiguring gas compression facilities to allow export of ia,et as. The project will reduce the rate of decline in production