CMS Energy is Successful Offshore Equatorial Guinea

CMS Energy has announced the successful testing and completion of a natural gas development well offshore Equatorial Guinea in the Alba Field. The Alba #7 well was drilled by R&B Falcon's, jackup, Randolf Yost, in 252 feet of water. The well had 266 feet of gas sands full to base and tested at rates of 53 million cubic feet of gas per day and 3,000 barrels of condensate per day. The Randolf Yost has now moved to the Alba #8 well.

The wells are part of an accelerated development project initiated in 1999 to increase the field's production capacity from 90 million cubic feet of natural gas per day to 225 million cubic feet per day. Approximately 115 million cubic feet per day will be supplied to a methanol production plant currently under construction on Bioko Island, 10 million cubic feet per day will be used for onshore operations and the remainder will be re-injected offshore. The methanol production plant, 45 percent owned by subsidiaries of CMS Energy Corporation and Noble Affiliates, respectively, and 10 percent owned by the Government of Equatorial Guinea, is scheduled to be completed by the second quarter of 2001. Condensate production from the field will be increased significantly from 6,700 barrels per day to approximately 14,500 barrels per day by the beginning of 2001. Natural gas liquids totaling approximately 1,800 barrels per day will also be produced.


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