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CONOCO ANNOUNCES GAS DISCOVERY IN NORTH SEA BLOCK 44/17

 CONOCO ANNOUNCES GAS DISCOVERY IN NORTH SEA BLOCK 44/17
 CALGARY, Alberta, Feb. 3 /PRNewswire/ -- The following is being


issued by F.J. Dyment, president and chief operating officer of Conoco (U.K.) Limited:
 Conoco (U.K.) Limited, as Operator, announced the results of a second successful exploration well in North Sea Block 44/17, some 110 miles off the Lincolnshire coast.
 Exploration well 44/17-2 was drilled to a total depth of 13,017 feet by the Charles Rowan jack-up rig. A drill stem test (DST) on 44/17-2 tested gas at an initial rate of approximately 30 million standard cubic feet a day through a 1-inch choke from a carboniferous sand. An estimate of the stabilized rate that the well could attain under normal flowing conditions is between 10 and 15 million standard cubic feet a day.
 Partners in Block 44/17 are Conoco (60 percent), Ranger (20 percent), Union Jack (10 percent) and Cairn Energy (10 percent).
 Block 44/17 was awarded to Conoco and its partners in the 11th U.K. offshore licensing round in 1989 and the first successful exploration well on the block was drilled in 1990.
 The test results and commercial viability of the prospect are under further evaluation.
 -0- 2/3/92
 /CONTACT: John G. Faulds, VP of Ranger Oil Ltd., 403-263-1500, for Conoco/
 (RGO) CO: Ranger Oil Ltd. ST: Alberta IN: OIL SU:


AL -- LA035 -- 6314 02/03/92 16:08 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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