Petsec Energy awarded North Padre leases

The US Minerals Management Services (MMS) has awarded the North Padre 929 and North Padre 934 leases in the Gulf of Mexico to Petsec Energy.

Offshore staff

SYDNEY, Australia -- The US Minerals Management Services (MMS) has awarded the North Padre 929 and North Padre 934 leases in the Gulf of Mexico to Petsec Energy. This follows the company's bids for these leases at the Western Gulf of Mexico Lease Sale 207 in August.

Each block has an area of 23.3 sq km (8.9 sq mi) and is awarded on a five-year exploration term. Petsec has a 100% working interest and a 77.92% net revenue interest in the leases.

09/23/2008

More in Regional Reports