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ENRON OIL & GAS COMPANY SUBSIDIARY ASSIGNED WORKING INTERESTS IN OIL AND GAS FIELDS OFFSHORE TRINIDAD

 ENRON OIL & GAS COMPANY SUBSIDIARY ASSIGNED WORKING INTERESTS
 IN OIL AND GAS FIELDS OFFSHORE TRINIDAD
 HOUSTON, Nov. 9 /PRNewswire/ -- Enron Oil & Gas Company (NYSE: EOG) announced today that the government of the Republic of Trinidad and Tobago, West Indies, has assigned Enron Oil & Gas Trinidad Limited (EOGT), a wholly owned subsidiary of EOG, a 95 percent working interest in three undeveloped oil and gas fields located on the South East Coast Consortium Block, offshore southeastern Trinidad. Seven exploration and appraisal wells, all of which have tested crude oil and/or natural gas in commercial quantities, are located within the assigned area.
 EOGT will begin appraisal and development of the discoveries in Trinidad and Tobago immediately and expects to set its first drilling and production platform early in 1993 between two previous natural gas discoveries in the Kiskadee area. First natural gas and condensate production is planned to commence by the end of the third quarter of 1993. EOGT plans to drill at least three development wells in 1993 and tie them into an existing production facility. Successful completion will lead to additional development activities.
 A natural gas supply contract has been signed with Trinidad and Tobago's National Gas Company under which EOGT will produce and sell an initial 150 million cubic feet of natural gas per day by 1995.
 "This is the first international venture in which we have pursued a development drilling program, and we are optimistic about the opportunities it provides," said Forrest E. Hoglund, chairman, president and CEO of EOG. "We look forward to the opportunity to enhance the value of these known reserves, and we feel the future exploration potential is significant. The Republic of Trinidad and Tobago has a long history of oil and gas production and support for its local energy industry and is well located to supply the United States and other Enron markets with hydrocarbons."
 EOG is one of the largest independent (non-integrated) oil and gas companies in the United States in terms of domestic proved reserves. The company's reserve base is about 90 percent domestic and about 93 percent natural gas. EOG is listed on the New York Stock Exchange and is traded under the ticker symbol, "EOG."
 -0- 11/9/92
 /CONTACT: Diane Bazelides of Enron Oil & Gas Company, 713-853-6285/
 (EOG) CO: Enron Oil & Gas Company ST: Texas IN: OIL SU:


WB -- NY078 -- 8746 11/09/92 13:35 EST
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Publication:PR Newswire
Date:Nov 9, 1992
Words:400
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