CMS Energy to explore in Cameroon

Dec 15, 1997 01:00 AM

CMS Energy Corporation's oil and gas exploration and production unit, CMS NOMECO Oil & Gas Co., has announced that its CMS NOMECO Cameroon Ltd. (37.5%) as operator along with GLOBEX Cameroon, LLC (37.5%) and the Societe Nationale Des Hydrocarbures, the State oil company of Cameroon (25%) have signed a Convention of Establishment (production sharing contract) with the Republic of Cameroon to explore for oil and gas onshore in Blocks 1 and 6 of the Douala Basin.
The blocks are located between the cities of Douala (in the north) and Kribi (in the south) and cover approximately 502,358 acres (2,033 sq km). They include the M'Via, N'Koudou and Benda oil discoveries made several years ago and considered non-commercial at that time.
The consortium plans to commence exploration activity in early 1998 including an aeromagnetic and gravity survey of the prospective portion of the Douala Basin, seismic reprocessing and appraisal of the M'Via discovery. The M'Via was tested in 1982 at rates up to1,090 bpd.

GLOBEX Cameroon is a wholly-owned subsidiary of Global Exploration, Inc., a privately-held exploration and production company based in Houston, Texas. Global Exploration currently obtains oil and gas production from Equatorial Guinea and is a participant in the Stag Field on the Northwest Shelf of Australia. Additionally, Global Exploration is active in the Philippines and Australia.

CMS NOMECO Oil & Gas Co. is among America's 30 largest independent oil and gas companies in production and reserves. It is engaged in exploration and/or production in twelve states and internationally in seven countries. At year-end 1996, proven reserves were 123 mm net equivalent barrels.

CMS Energy Corporation is a $ 5 billion (sales), $9 bn (asset) international energy company operating throughout the U.S. and in 16 countries around the world with businesses in electric and natural gas utility operations; independent power production; natural gas pipelines and storage; oil and gas exploration and production; and energy marketing, services and trading.

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