Exploration/Development news briefs, June 21

Oil & Natural Gas Corp. � Storm Energy ... CMS Oil & Gas

India's state-owned Oil & Natural Gas Corp. has made an oil discovery in a new structure in the Krishna-Godavari basin. The find is in the Amalapuram region of Andhra Pradesh. According to ONGC sources, the well flowed about 30 tonnes/day of oil on test. A decision on further drilling will be made after assessing data from the first well.

Storm Energy Inc. said it has made a new light oil discovery from the Granite Wash formation in its core oil operating area at Red Earth, Alta. The discovery well at 02/8-12-87-10W5M began producing Apr. 13, 2000. A second well was drilled into the same structure at 6-12-87-10W5M. The wells are flowing at a combined rate in excess of 1,000 b/d of oil. Based on the existing seismic, well control, and wellbore parameters, Storm estimates the pool contains about 10 million bbl of oil in place. Storm's interest in the area varies from 60 to 75%.

CMS Oil & Gas Co., the exploration and production unit of CMS Energy Corp., Dearborn, Mich., announced the completion of development well Venganza #6H in the Guadalupe in Colombia's Matachin Norte field. The horizontally drilled well, on the Espinal Block, is producing with an electric submersible pump at an initial flow rate of 4,705 bo/d and 44 bw/d. Total production from the block, of which CMS Oil & Gas is a 15% working interest owner, has increased to 12,000 bo/d. The well follows Venganza #4H, which flowed more than 7,000 bo/d on test. Several more horizontal wells will be drilled in the field in 2000, says CMS. Petrobras Colombia Ltd. is operator for the consortium.

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