Printer Friendly

TEXACO EXPLORATION LAGO MERCEDES CHILE DISCOVERS NATURAL GAS AND CONDENSATE IN CHILE

 TEXACO EXPLORATION LAGO MERCEDES CHILE DISCOVERS
 NATURAL GAS AND CONDENSATE IN CHILE
 CORAL GABLES, Fla., Feb. 27 /PRNewswire/ -- An international consortium which includes Texaco Exploration Lago Mercedes Chile Inc., a wholly owned subsidiary of Texaco Inc. (NYSE: TX), has discovered significant natural gas and condensate deposits in three geologic zones in the Lago Mercedes Block located in the Central-South portion of Tierra del Fuego, Chile, it was announced today by Texaco.
 The Lago Mercedes well No. 1 tested at an average daily volume of 400,000 cubic meters (14.1 million cubic feet) of gas and 200 cubic meters (1,260 barrels) of condensate. A total of 66 meters (217 feet) of pay zone were tested at depths from 3,700 meters (12,139 feet) to 4,050 meters (13,287 feet). Evaluation is presently under way to quantify the potential of this discovery.
 Operations in the 3,300-square-kilometer Lago Mercedes Block are conducted under a contract between the Chilean Government and the consortium, which includes Chile's state-owned Empresa Nacional de Petroleo (ENAP) as operator, 50 percent; Texaco Exploration Lago Mercedes Chile Inc., 25 percent; Anderman Smith Chile Inc., 12.5 percent; and Argerado Chile Inc., 12.5 percent.
 -0- 2/27/92
 /CONTACT: Leda Perez of Texaco, 305-529-4574/
 (TX) CO: Texaco Exploration Lago Mercedes Chile Inc. ST: Florida, New York IN: OIL SU: DSC


GK -- NY032 -- 3208 02/27/92 11:10 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 27, 1992
Words:234
Previous Article:LOAN AMERICA'S ANNUAL EARNINGS REACH FIVE TIMES NET OF YEAR AGO; RESIDENTIAL MORTGAGE SERVICING PORTFOLIO RISES ABOVE $3.1 BILLION
Next Article:ZILA, INC., APPOINTS AMERICAN SECURITIES TRANSFER, INC., AS THEIR NEW TRANSFER AGENT
Topics:


Related Articles
PLAINS RESOURCES ANNOUNCES MIAMI FEE SIDETRACK PRODUCTION RATES
BENTON OIL AND GAS COMPANY AND TEXACO SUCCESSFULLY COMPLETE GAS WELLIN LOUISIANA
HUGE BRITANNIA GAS FIELD DEVELOPMENT APPROVED
BENTON OIL AND GAS CO. ANNOUNCES DISCOVERY WELL AT RABBIT ISLAND FIELD IN LOUISIANA
BENTON OIL AND GAS AND TEXACO SUCCESSFULLY COMPLETE SECOND GAS WELL AT RABBIT ISLAND FIELD
BENTON OIL AND GAS COMPANY ANNOUNCES THE COMPLETION OF ANOTHER GAS WELL AT WEST COTE BLANCHE BAY FIELD
Manas Petroleum Corp. (MNAP.OB): Special Operating Contract (CEOP) Signed for Tranquillo Block in Chile.
Manas Petroleum Corp.(MNAP.OB): Special Operating Contract (CEOP) Signed for Tranquillo Block in Chile.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters