OPERATIONS

Petsec eyes more US acquisitions, China rewards

THINGS are looking up for Petsec Energy with the company getting ready to drill its first well in almost two years and approval of the overall development plan for the Beibu Gulf development in China expected soon.

Marija Stojkovic

Petsec eyes more US acquisitions, China rewards

Speaking during a teleconference on Thursday morning, chief executive officer Terry Fern said the company was expecting to kick off its 2010 drilling campaign in the Gulf of Mexico within a few days while...

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