AUSTRALIA

Petsec fixes GoM platforms, but production delays in the pipeline

PETSEC Energy has finished repairing its Gulf of Mexico oil platforms Vermilion-258 and West Cam...

Petsec fixes GoM platforms, but production delays in the pipeline

The company said Vermilion-258 would resume production as soon as its downstream sales pipeline reopened. But that could take between two and four months to happen, operator Stingray Pipeline Company has told Petsec.

“They also advise that there may be the ability to redirect the gas through alternate pipeline networks, which may enable an earlier resumption of production,” said Petsec company secretary Craig Jones.

“Petsec will continue to liaise with Stingray and the operators of other downstream sales pipelines to achieve the earliest possible return to normal production.”

Similarly, repair work to the West Cameron 343/352 platform has also been completed, but production will have to wait until the HIOS sales pipeline is ready to accept gas, said Petsec.

The pipeline was not damaged in the Category-5 storm, but is currently shut-in due to limitations on downstream facilities, according to the company.

No formal announcements have been released as to the likely restart date, Petsec said.

Meanwhile, the Main Pass 19 development is continuing and production is expected from the three wells in mid-November. Petsec says the sales pipeline from Main Pass 19 is currently being laid, while the platform is scheduled for load-out this week.

Jones advised that neither hurricane damaged the third party sales pipeline downstream from Main Pass and it continues to operate normally.

He added that Petsec has a business interruption insurance policy that provides coverage for loss of production income after an initial excess period of two months.

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