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CMS UNIT SIGNS ECUADOR OIL DEAL

 CMS UNIT SIGNS ECUADOR OIL DEAL
 DEARBORN, Mich., April 22 /PRNewswire/ -- CMS Energy Corporation's


(NYSE: CMS) oil and gas exploration unit, NOMECO Ecuador Oil Company, together with other consortium members, has signed an agreement with Petroecuador, Ecuador's national oil company, to develop oil fields on Block 16. NOMECO holds a 14-percent interest in the block.
 The block is located about 160 miles southeast of Quito in the Oriente region of eastern Ecuador. Block 16 is the site of seven successful wells drilled by a consortium now operated by Maxus Energy Corporation, Dallas, which holds a 35-percent interest in the block. Other members of the consortium, in addition to NOMECO and Maxus, are Overseas Petroleum and Investment Corporation (31 percent), Taiwan, Republic of China; and Canam Offshore Ltd. (10 percent) and Murphy Ecuador Oil Company (10 percent), both subsidiaries of Murphy Oil Corporation, El Dorado, Ark.
 Under terms of the 20-year development and production agreement, the consortium will now begin the development phase. NOMECO believes this ultimately will result in drilling over 100 development wells. Estimated reserves total 216 million barrels, including the Tivacuno field under a separate 12-year contract. NOMECO expects initial production by the fourth quarter of 1993 and by 1995 total production from the block should exceed 50,000 barrels per day.
 NOMECO is among the top 100 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 11 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- 4/22/92
 /CONTACT: Michael J. Brogan of CMS Energy Corporation, 313-436-9253/
 (CMS) CO: CMS Energy Corporation; NOMECO Ecuador Oil Company; Petroecuador ST: Michigan IN: OIL UTI SU: JVN


SB-ML -- DE023 -- 1441 04/22/92 16:19 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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