COMMODITY / ENERGY BRIEFS

COMMODITY / ENERGY BRIEFS

TRITON ENERGY ABANDONS

DRY WELL IN COLOMBIABOGOTA, Colombia - U.S. oil company Triton Energy has plugged and abandoned a well in Colombia after it turned out dry, the company said.

Triton abandoned its Yumeca-1 test well on the Pinal Block, but won't give up drilling in the area.

''Although the Yumeca well failed to produce on test, we are encouraged enough by what we found that we will be drilling another well on the Yumeca trend in the Pinal license during the first half of 1996," said Nick De'Ath, the Dallas-based independent's senior vice president for exploration.

The well, located on the western side of the Eastern Cordillera of the Andes, across the mountain range from the highly touted Cusiana and Cupiagua fields, was drilled to a depth of 13,675 feet.

Triton, which has a 100 percent interest in the Pinal Block, also holds a 20 percent interest in Cusiana and Cupiagua.

DE BEERS TO REKINDLE

AN OLD RUSSIAN PASSION

MOSCOW - Russia and South African diamond giant De Beers are launching a joint diamond advertising campaign to whip up interest among Russians in precious stones, officials said.

"It is in Russian history and culture to produce, to wear and to cherish fine jewelry," Raymond Clark, head of the De Beers office in Moscow, told a news conference.

"Living here, one cannot help but see an ever-increasing interest in luxury products, and it therefore seems to be an entirely right moment to build on this growing interest," he said.

De Beers will finance the campaign, which started Tuesday and is the company's pilot marketing project in Russia. It will act with Russian jewelry trading firm Yuvelirprom, representing more than 100 Russian jewelry producers.

Mr. Clark declined to estimate the cost of the campaign but said De Beers spent around $200 million every year for similar advertisements on a global scale.