Offshore staff
SYDNEY, Australia -- Petsec Energy Ltd plans to drill 14-20 wells this year in the Gulf of Mexico, aiming to double its current oil and gas reserves.
The company's 2007 program follows Petsec's acquisition of 37 additional leases in the GoM last year, taking the total to 51. Prospects generated by 3D seismic could exceed 270 bcf of natural gas and 32 MMbbl of oil.
Petsec is scheduled to drill two-three wells in Eugene Island 310 and Mobile Bay 994 in 1Q 2007.
The company has meanwhile sent out a rig for maintenance before resuming its drilling on the Mobile Bay 994 lease.
The rig recently completed drilling the Mobile Bay 993 gas discovery, which hit 6 m (20 ft) of net gas pay. The Mobile Bay well, drilled late last year, was the first well in a two-three well drilling program to be carried out on the Mobile Bay 993 and 994 leases.
1/10/2007
