EXPLORATION

Petsec extends GoM reach

PETSEC Energy has extended its foothold in the Gulf of Mexico with the award of a lease on the northern half of Main Pass Block 18 while fellow explorer AusTex Oil is continuing its exploration efforts in Oklahoma.

Marija Stojkovic

Petsec secured the Main Pass 18 N/2 lease after it was the high bidder at the Central Gulf of Mexico lease sale 213 held in March. The company submitted a sole bid of $US76,900 on the lease and will...

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