NOTE hotel in london TO Publishers An information sheet is connected

CO: Texaco hotel london cheap Inc. ST: Ny IN: Petroleum SU:

TEXACO Notifies YEAR-END 1993 Oil RESERVES

RESERVE Inclusions Substitute 112 P'cent OF 1993 PRODUCTION; 5-YEAR AVERAGE: 106 P'cent
WHITE Flatlands,., Feb .. 24 /PRNewswire/ -- Texaco Inc. , adding up equity reserves in a joint venture partner.
On an international basis for 1993, Texaco added capacities to its reserve base amount to 112 p'cent of its merged gas and oil production, adding up equity reserves but excepting buys and sales. . and multinational reserve substitution quotients were 89 p'cent and A hundred and fifty five p'cent respectively. The firm supplanted 129 p'cent of its 1993 gas production and 104 p'cent of its liquids production.
On a five-year basis from 1989 to 1993, the business's all in all reserve inclusions averaged 106 p'cent of globally production. For the three period, 1991 to 1993, reserve inclusions averaged A hundred and one p'cent.
Excepting buys and sales, 68 p'cent of the global reserve inclusions in 1993 were within the classifications of new grounds, new sands, extensions and broadened recovery operations. These reserve inclusions were noticed from performances within the Northern Sea, Indonesia and Trinidad, and even in the states.
For 1993,, continuing Texaco's contested performance of former years. , 1989 to 1993,, 1991 to 1993.
"Our rigid performance in 1993 underscores our kept on commitment to competitively find and improve reserves that wont merely substitute production, but also maximize the worthiness added from every greenback spent on inspection and development," mentioned Alfred C. DeCrane, Jr., Chairman of the Board and Ceo of Texaco. "Our homogeneous long-term commitment about the application of technological innovations, namely Three-d seismic, subsea production ways and means, horizontally drilling and broadened petroleum recovery, is explicitly forming a big change across our entire operations."
TEXACO'S RESERVE Pic
THREE-YEAR Synopsis
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london hotel hotel london cheap Web Proven Production
Reserves Substitution Pct
(See Note 1) (See Note 2)
1993
World wide Reserves:
Liquids 2,685 104
Propane 6,110 129
. Reserves:
Liquids 1,458 84
Propane 4,329 96
World wide Merged
Liquids and Gas: 3,703 112
(See Note 3)
1992
World wide Reserves:
Liquids 2,700 99
Propane 6,070 84
. Reserves:
Liquids 1,500 77
Propane 4,526 88
World wide Merged
Liquids and Gas: 3,712 94
(See Note 3)
1991
World wide Reserves:
Liquids 2,711 87
Propane 6,277 122
. Reserves: hotels londonlondon hotels
Liquids 1,547 72
Propane 4,697 91
cheap hotel london World wide Merged
Liquids and Gas: 3,757 98
(See Note 3)
Note 1: Appraised web proven development and undeveloped reserves in an incredible number of barrels of liquids and billions of cubic toes of gas.
Note 2: london hotels cheap Excludes buys and sales of reserves.
Note 3: In an incredible number of barrels of petroleum same, with gas changed to its petroleum same at 6,000 cubic toes for each barrel.
-0- 2/24/94
/NOTE TO Publishers: An information sheet is connected expressing Texaco's world wide and residential reserves for the prior 36 months.
,; or Jim Reisler,

Playstation -- NY073 -- 5469 02/24/94 16:42 EST