ChevronTexaco

ChevronTexaco's upstream Europe business unit plans to sell its interest in three producing fields in the North Sea. The company's net share of daily production from the properties is approximately 21,500 barrels of oil equivalent. The properties comprise the company's interest in the Galley, Orwell and Statfjord fields. ChevronTexaco expects to divest the interests by the end of first-quarter 2004. It did not report if it will retain a divestment advisory firm to market the assets.