Petsec Granted MMS' Approval for 2 GOM Leases

The US Minerals Management Services has announced the award to Petsec Energy of the North Padre 929 and North Padre 934 leases in the Gulf of Mexico, USA. This follows the Company’s bids for these leases at the Western Gulf of Mexico Lease Sale 207 in August.

Each of the blocks have an area of approximately 23.3 square kilometers (5,760 acres) and are awarded for a five year exploration term. Petsec has a 100% working interest and a 77.92% net revenue interest in the leases.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Manager, USA
Expertise: Project Management
Location: United States
 
Financial Analyst - Finance and Investor Relations
Expertise: Accounting|Financial Analyst|Legal
Location: Dallas, TX
 
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
search for more jobs

Brent Crude Oil : $50.8/BBL 0.47%
Light Crude Oil : $47.97/BBL 0.56%
Natural Gas : $3.08/MMBtu 0.98%
Updated in last 24 hours