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Petsec said the first well, the West Cameron 352 No. A-14, has been spudded from the West Cameron 352 "A" production platform in water depth of 23m.
The well is designed to test two target sands with a total unrisked mapped potential of 4bcf to 8bcf (gross) of natural gas.
The second well will also be drilled from the "A" production platform and is scheduled for late August.
Petsec has a 75% working interest and 57.375% net revenue interest in the West Cameron 352 No. A-14 well.
Petsec's Gulf of Mexico operations achieved net production to the company of 2.44bcf gas equivalent in the past half year to 30 June 2003, generating revenue of $24.55 million after payment of royalties.
