Petsec spuds third well in GoM program

Petsec Energy Ltd. says it has spudded the third well, G-5, in its four-well drilling program at Main Pass block 19.

Offshore staff

(US) - Petsec Energy Ltd. says it has spudded the third well, G-5, in its four-well drilling program at Main Pass block 19. The wells are being drilled from the company's recently installed platform on the block, situated in approximately 40 ft of water.

Well G-5 will test mapped potential of approximately 15 to 18 bcfe of gas net to Petsec Energy. The well is expected to reach total vertical depth of 7,186 ft in early February.

1/23/06

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