Phoenix Reaches TD at Marathon Well

Petsec advised that the Marathon #2 well was drilled to a total depth of 21,160 feet (6,450 meters) and electric logging was completed. The well is a follow up to the successful #1 well and is situated in 8 feet (2.4 meters) of water approximately 900 meters from the #1 well location. The #2 well was designed to serve as a development well for the field in addition to testing deeper, previously undrilled exploratory reserve potential on the Marathon structure.

The #2 well confirmed the gas productive reservoirs found in the # 1 well, extending the known field pays across the structure. The deeper, exploratory section of the well was found to contain noncommercial hydrocarbons and as a result the well will be completed for production in one of the upper pay sands. Production is expected to commence in the fourth quarter of 2011.

Participating working interests in the well are:

  • Petsec Energy Ltd 8%
  • Phoenix Exploration Company LP (operator) 65%
  • Private Companies 27%
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Well Servicing Rig Jobs - North Dakota, USA
Expertise: Derrickman|Floorhand / Roughneck|Production Operator
Location: North Dakota, United States, ND
 
Field Superintendent - US Drilling Rig Operations
Expertise: Drilling Superintendent|Field Service Tech
Location: United States
 
Operations Manager - US Drilling Rig Operations
Expertise: Drilling Foreman / Drilling Supervisor|Rig Manager
Location: United States
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours