MORE DISCOVERIES TURN UP IN DEEPWATER GULF

The deepwater Mississippi Canyon area of the Gulf of Mexico has yielded two more potentially hefty strikes. Conoco Inc. owns interests in both of them. It calls the discoveries off Louisiana "potentially significant accumulations" of oil and gas. Log analyses and wireline tests confirmed hydrocarbons in each well. In 4,350 ft of water on Mississippi Canyon Block 211, Exxon Corp. and Conoco logged five sands at 10,000-13,000 ft. The pay zones, under a 3,000 ft thick layer of salt, hold