CMS ENERGY UNIT SUCCESSFULLY DRILLS WELL IN NEW GUINEA
CMS ENERGY UNIT SUCCESSFULLY DRILLS WELL IN NEW GUINEA DEARBORN, Mich., Nov. 15 /PRNewswire/ -- NOMECO Oil & Gas Co., a
unit of CMS Energy Corporation (NYSE: CMS), announced today that its wholly owned subsidiary NOMECO PNG Oil Co., and other joint venturers have successfully drilled and tested the S.E. Gobe No. 2 appraisal well in Papua, New Guinea. A drill stem test over the Iagifu Sandstone interval between 7,272 feet and 7,434 feet flowed at a stabilized rate of 4,438 barrels of oil per day on a 1.5-inch choke. The oil gravity was 44 degrees A.P.I.
The S.E. Gobe No. 2 is located about one mile east southeast of the S.E. Gobe No. 1, the original discovery well in the field. The S.E. Gobe No. 1 was tested earlier in 1991 at a rate of 4,250 barrels of oil per day from the Iagifu Sandstone formation. Both wells were drilled on Petroleum Prospecting License (PPL) 56 covering about 1.5 million acres in the Southern Highlands of Papua, New Guinea. NOMECO expects that additional appraisal drilling will be conducted on the South East Gobe oilfield before development commences. NOMECO has an 8.4-percent interest in PPL 56, 7 percent directly, and an additional 1.4 percent through its 7-percent ownership of Command Petroleum Holding N.L. The other joint venturers are Command Petroleum Holdings N.L., the operator, through its wholly owned subsidiary Luderick Pty. Ltd., 20 percent; Southern Highlands Petroleum Co., Ltd., 50.5 percent; Barracuda Pty. Ltd., 20 percent; and Mountains West Exploration, Inc., 2.5 percent. 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, 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- 11/15/91 /CONTACT: Michael J. Brogan of CMS Energy, 313-436-9253/ (CMS) CO: CMS Energy Corporation; NOMECO Oil & Gas Co. ST: Michigan IN: OIL SU: DSC ML -- DE016 -- 1459 11/15/91 10:37 EST
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|Date:||Nov 15, 1991|
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