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CW: The production of oil from the Bass Strait fields in Australia was raised by 11,000 barrels a day to 321,000 barrels during the launch of the Whiting field, the first of 5 small fields scheduled to be brought into production before the end of 1990. Esso Australia Ltd., a unit of the New York-based Exxon Corp., and Broken Hill Pty., operate the 2 fields as a joint venture. Esso said it started production at the Whiting field on Tuesday. Its output will gradually be increased until it reaches about 11,000 barrels a day. The field has a reserve of 21 million barrels. The reserve of the 5 new fields totals 50 million barrels. The Perch and Dolphin fields are expected to start to produce early next year, while the Seahorse and Tarwhine fields expect to start to produc later next year. Esso said it developed the fields after the Australian government had decided, in 1987, to make the first 30 million barrels taken from the new fields to be free of excise tax.

SM: Oil production from the Australian Bass Strait fields was raised by 11,000 barrels a day to 321,000 barrels during the launch of the Whiting field, the first of five small fields, scheduled to bring an end to production in 1990. Broken Hill Pty and Esso Australia Ltd, which is a unit of New York based Exxon Corp, operate a joint venture in these fields. Esso said they will start production in the Whiting field on Tuesday. Output will gradually increase till it reaches about 11,000 barrels a day. The Whiting fields have a reserve of 21 million barrels. The new five fields have a total reserve of 50 million barrels. The Perch and Dolphin fields are expected to start producing early next year. The Seahorse and Tarwhine fields expect to start producing later next year. In 1987 the Australian government made the decision to develop the fields, and made the first 30 million barrels in the new fields free from excise tax, Esso said.

Original Article

Oil production from Australia's Bass Strait fields will be raised by 11,000 barrels a day to about 321,000 barrels with the launch of the Whiting field, the first of five small fields scheduled to be brought into production before the end of 1990. Esso Australia Ltd., a unit of New York-based Exxon Corp., and Broken Hill Pty. operate the fields in a joint venture. Esso said the Whiting field started production Tuesday. Output will be gradually increased until it reaches about 11,000 barrels a day. The field has reserves of 21 million barrels . Reserves for the five new fields total 50 million barrels. The Perch and Dolphin fields are expected to start producing early next year, and the Seahorse and Tarwhine fields later next year. Esso said the fields were developed after the Australian government decided in 1987 to make the first 30 million barrels from new fields free of excise tax.

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