DRILLING

Petsec hits gas in GoM

Petsec Energy has continued the good run by Australian resource companies in the Gulf of Mexico (...

This article is 21 years old. Images might not display.

The well, located in 23m of water offshore Louisiana in the GoM, encountered three hydrocarbon bearing sands with a total of 13m of net gas pay.

The success follows the failure of the initial West Cameron 352 #A-14 well bore and is the second hole of a three well program testing for a combined total unrisked mapped potential of 10bcf to 16bcf of natural gas.

Production casing is being set prior to the well being completed for production. No reserve estimates are currently available although the well results are consistent with the pre-drill mapped potential of 4-6 billion cubic feet (gross) of natural gas.

Petsec Energy will drill the West Cameron 343 #A-19 well when current activities on the West Cameron 352 #A-14ST well are completed.

The well, also to be drilled from the West Cameron 352 'A' production platform will test targets in the adjoining West Cameron 343 lease.

Petsec has a 75% working interest and a 57.375% revenue interest in West Cameron 352 #A-14-ST and a 100% working interest and an 82.33% net revenue interest in the West Cameron 343 #A-19 well.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Future of Energy Report: Nuclear Power in Australia 2024

Energy News Bulletin’s new report examines what the energy and resources industry thinks of the idea of a nuclear-powered Australia.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.