Remington Oil & Gas makes two Gulf of Mexico discoveries

By OGJ editors

HOUSTON, Nov. 24 -- Remington Oil & Gas Corp. has made two natural gas discoveries from productive sands in the Gulf of Mexico.

Remington drilled the West Cameron Block 403 No.1 well to 7,750 ft TD and encountered 106 ft of natural gas productive sands. The well flowed on test at more than 16 MMcfd of natural gas equivalent. Remington is installing a caisson production structure and expects initial production in first quarter 2004. Remington owns a 60% working interest in the field and partner Magnum Hunter Resources Inc., Irving, Tex., holds 40%.

Remington also experienced positive test results from a discovery well on Vermillion Block 61, where casing has been set after the well, drilled to 10,160 ft, found 60 gross ft of productive sands. Remington estimates that the field holds 11 bcfe. Remington owns a 50% working interest in the field and is the operator. Magnum Hunter holds 25% and Wiser Oil Co., Dallas, holds the remaining 25%.

The rig will now spud a development well on East Cameron Block 73 from the same drilling location. Both the Vermillion 61 well and the East Cameron 73 well will be completed after the second well is drilled. Initial production from Vermillion 61 and from East Cameron 73 is expected in early 2004. Remington is operator of both fields.

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