Printer Friendly

CMS ENERGY UNIT SIGNS THAI PETROLEUM CONCESSION

 CMS ENERGY UNIT SIGNS THAI PETROLEUM CONCESSION
 DEARBORN, Mich., Dec. 17 /PRNewswire/ -- NOMECO Oil & Gas Co., a


unit of CMS Energy Corporation (NYSE: CMS) announced today that on Dec. 11, 1991, its wholly owned subsidiary, NOMECO Exploration (Thailand) Limited, signed a Petroleum Concession with the Ministry of Industry for Oil and Gas Exploration for the Phu Khieo block covering approximately 376,000 acres in the Khorat Plateau region in Northeast Thailand.
 The block is located about 210 miles northeast of Bangkok and about 20 miles southwest of Esso's Nam Phong gas field which is currently producing approximately 66 million cubic feet of gas per day from five wells.
 In addition, Texaco has agreed to acquire from NOMECO a 50-percent interest in the block subject to Thai governmental approval. A Texaco subsidiary will serve as operator of the NOMECO-Texaco joint venture. During the first year, the joint venture will conduct geological and geophysical studies. At least one well will be drilled in each of the second and third years of the contract.
 Under the Concession contract, PTT Exploration and Production Company Limited, a state-owned corporation, has the option to acquire a 15-percent interest in the block from NOMECO and Texaco upon a discovery of commercial quantities of oil or gas.
 NOMECO is among the top 100 U.S. oil and gas companies in production and reserves, and is Michigan's largest independent oil and gas producer. It is engaged in exploration and/or production activities in 14 states and nine foreign countries.
 CMS Energy Corporation is a $3 billion (sales) diversified energy company with businesses engaged in the distribution of electricity and natural gas, interstate storage and transmission of natural gas, oil and gas exploration and production, independent power generation and utility services. CMS Energy Corporation's principal subsidiary is Consumers Power Company, Michigan's largest utility and the nation's fourth- largest combination electric and gas utility.
 -0- 12/17/91
 /CONTACT: Michael J. Brogan of CMS Energy, 313-436-9253/
 (CMS) CO: CMS Energy Corporation; NOMECO Oil & Gas Co. ST: Michigan IN: OIL SU: JVN CON


SB-DD -- DE011 -- 2890 12/17/91 10:55 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 17, 1991
Words:350
Previous Article:INPUT/OUTPUT ANNOUNCES RECORD SECOND QUARTER
Next Article:SEAGRAM TO INSTALL UNIFIED FINANCIAL REPORTING SYSTEM FOR EUROPEAN OPERATIONS
Topics:


Related Articles
CMS ENERGY UNIT SUCCESSFULLY DRILLS WELL IN NEW GUINEA
CMS ENERGY UNIT REPORTS RESULTS OF WELL PRODUCTION TESTING IN NEW GUINEA
CMS UNIT BUYS NEW ZEALAND OIL RESERVES
CMS ENTERPRISES VICE PRESIDENT NAMED
FX ENERGY Announces Signing of 2 Million Acre Concession near Lublin, Poland
CMS Energy's Exploration and Production Unit Signs Agreement With Republic of Cameroon to Explore for Oil and Gas in the Douala Basin
Caltex, Shell To Integrate Two Thai Refinery Operations
CMS Energy Announces Completion of Tunisian Gas Pipeline
Pennaco Energy and CMS Oil and Gas Company Announce Joint Venture In Powder River Basin Coal Bed Methane Play.
CMS Energy's Oil and Gas Unit Announces Oil Discovery in Tunisia.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters