EXPLORATION

Petsec bids big at Louisiana lease sale

Petsec Energy was the highest bidder for the West Cameron 343 block at the US Minerals Management...

Petsec Energy was the highest bidder for the West Cameron 343 block at the US Minerals Management Service (MMS) offshore Louisiana lease sale. The bid for the 5,000 hectare block, which is located approximately 100km offshore in the shallow waters of the Gulf of Mexico, was $US128,875 and is subject to confirmation of award by the MMS.

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