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TEXACO LICENSE IN U.K. NORTH SEA SUCCESSFULLY DEVELOPED; ORWELL FIELD EXCEEDS FOUR BILLION CUBIC FEET IN DELIVERIES

 WHITE PLAINS, N.Y., Oct. 5 /PRNewswire/ -- Texaco Inc. (NYSE: TX) announced today that its gas discovery in the PO60 license in Block 50/26a in the southern U.K. North Sea has been successfully developed as a producing field. Production from the Orwell field has now exceeded four billion cubic feet in contract deliveries to National Power and AGAS.
 Texaco North Sea UK Company and ARCO British Limited each have a 50- percent interest in Block 50/26a, with ARCO serving as operator.
 Orwell is the first multi-well totally subsea development in the Southern Gas Basin. Production is from three deviated wells, remotely controlled by the world's longest flexible umbilical from the ARCO- operated Thames Complex, which supplies power, signal and chemical injection facilities, located 21 miles (34km) to the west. The protective cage covering the wells was the largest subsea structure to be installed by a jack-up rig, the West Bonanza.
 First gas was produced six weeks ahead of schedule, just 18 months after commencing conceptual design, and 13 months after government approval, setting a record for fast-track development. This exceptionally rapid production schedule was due to use of a fully integrated, multi-disciplinary, asset-based team; the use of existing technology where possible; and from applying prior experience in this type of subsea development.
 Originally the operator of the block, Texaco drilled the Orwell discovery well in 1989, producing gas from the Triassic Bunter Sand. ARCO purchased its 50-percent interest for field development from Chevron and assumed the operator's position. ARCO brought to the project an established export infrastructure and considerable Southern Gas Basin experience. Following the success at Orwell, Texaco and ARCO plan, as partners, to explore three Southern Gas Basin blocks recently awarded in the 14th round.
 The Orwell field lies in 105 feet (32m) of water 65 miles (104km) east of the Norfolk, England, coast. Orwell has gross reserves of approximately 250 billion cubic feet of gas. Peak production is anticipated to be about 120 million cubic feet per day, and has an estimated field life of ten years. Gas is transported via a 16-inch diameter pipeline to Thames and then to the Bacton Terminal in Norfolk.
 Texaco estimates that the company's 1994 U.K. North Sea production from its operated and non-operated fields will be approximately 127.4 million barrels.
 -0- 10/5/93
 /CONTACT: Sean Galvin, 914-253-6159, or Dave Dickson, 914-253-4128, both of Texaco/
 (TX)


CO: Texaco Inc.; Texaco North Sea UK Company; ARCO British Limited ST: New York IN: OIL SU: DSC

PS -- NY032 -- 8805 10/05/93 10:52 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:428
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