OPERATIONS

Petsec fastracks field development

Petsec Energy announced yesterday it would be targetting gas found in the upper sands of the Verm...

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The company said it had commenced drilling the Vermilion 258 #G-7 well from the Vermilion 258 G platform location, describing it as an acceleration well.

“The G-7 well is an acceleration well designed to bring two of the upper sands encountered in the G-1 well into production approximately two years earlier than they would otherwise,” said the company.

It is located 114 kilometres (70 miles) south of Cameron Parish Offshore Louisiana in the Gulf of Mexico, in 47 metres of water.

Petsec has a 100% working interest and 83.33% net revenue interest in the Vermilion 258 G-7 well.

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