PERTH, Australia --Petsec Energy Ltd. has started drilling the second of its two-well Mobile Bay program in the Gulf of Mexico.
Plans call for drilling the Mobile Bay 994#1 to TD of 2,776 m (9,164 ft), with a vertical depth of 909 m (3,000 ft) in 29 m (97 ft) of water.
Petsec has made five successive Mobile Bay region discoveries drilling in the last six months. All are expected to in production by 3Q2007.
The Mobile Bay 994 lease is 160 km (99 mi) east of New Orleans and adjacent and south of the three gas discoveries made late last year on the Mobile Bay 950, 951 and 993 leases.