Petsec Energy Company News

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Petsec Energy Reports Higher Reserves at An Nagyah Oilfield in Yemen
Petsec Energy reports higher reserves at its An Nagyah oilfield in Yemen.
8:00 PM EST | March 14, 2016
Petsec Energy Acquires 100% Stake in Damis Production License
Petsec Energy Ltd acquires a 100% participating interest in, and operatorship of, the Damis Production License in the Republic of Yemen's Block S-1.
7:00 PM EST | February 04, 2016
Petsec Energy Completes Acquisition of 29.75% Stake in Yemen's Block 7
Australia's Petsec Energy completes acquisition of a 29.75 percent stake in Yemen's onshore Block 7 in the Al Barqa permit from Mitsui and AWE.
8:00 PM EST | September 30, 2015
Petsec Energy Opens Dubai Office to Support MENA Operations
Petsec Energy opens office in Dubai, United Arab Emirates to support its operations in the Middle East and North Africa.
8:00 PM EST | July 28, 2015
Petsec to Operate Yemen's Block 7 After Acquiring Oil Search's Local Unit
Petsec Energy takes over as operator of Block 7 in Yemen after increasing its stake in the permit through acquisition of Oil Search's Yemeni subsidiary.
8:00 PM EST | April 16, 2015
Petsec Energy Raises Stake in Yemen's Block 7 to 29.75%
Petsec Energy raises its stake in Yemen's Block 7 to 29.75% after acquiring 8.5% interest from Mitsui.
8:00 PM EST | June 01, 2014
Drilling Commenced at Petsec's Marathon Well
Petsec Energy advised that a fourth development well has been spud on the Marathon gas/condensate field.
8:00 PM EST | October 23, 2012
Petsec Increases Acreage in Alberta Shale Play
Petsec Energy expands its shale oil project area in the Western Sedimentary Basin of Alberta, Canada.
8:00 PM EST | September 25, 2012
Most GOM Production Shut-In as Hurricane Isaac Heads to SE Louisiana
Approx. 93.28% of GOM oil production, or 1.3 million bopd, and approx. 66.7% of Gulf nat gas production, or 3 Bcf/d, has been shut in.
8:00 PM EST | August 27, 2012
Two Petsec Offshore Gas Fields Shut-In Ahead of Isaac's Landfall
Petsec shut-in and evacuates employees at its offshore Main Pass 19/18 and Chandeleur 31/32 gas fields ahead of Isaac's landfall expected on Wednesday.
8:00 PM EST | August 27, 2012
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.
8:00 PM EST | August 30, 2011
Phoenix Drills Ahead at Marathon Well
Petsec advised that as at July 12, 2011, the Marathon #2 well had reached a measured depth of 18,845 feet (5,744 meters) and preparations are being made to drill ahead.
8:00 PM EST | July 12, 2011
Petsec Finalizes Interest Sale in China JV
Petsec advised that the final tranche of consideration in respect of the sale of its China Joint Venture interest has been received.
8:00 PM EST | June 22, 2011
Petsec Enters Sale, Purchase Agreement with Horizon
Petsec Energy has entered into a Sale and Purchase Agreement with Horizon for a A $38 million cash payment, plus options with a 3 year term and exercise price of 37 cents/share over 15 million Horizon Oil.
8:00 PM EST | June 02, 2011
Petsec to Sell Chinese Interests to Fund U.S. Shale Oil Development
Petsec Energy will sell its interests in China's Beibu Gulf in order to fund its exploration efforts for unconventional shale oil on the U.S. Gulf Coast.
8:00 PM EST | May 17, 2011
Phoenix Spuds Well in Atchafalaya Bay
Petsec advised that the Marathon #2 well has been spud in the shallow waters of the Atchafalaya Bay along the Louisiana Gulf Coast, USA.
8:00 PM EST | April 07, 2011
Phoenix Cases Marathon Prospect Well
Petsec advised that the 7 5/8th inch casing has been set at 4,267 meters in Lease No. 20221 No. 1 Well on the Marathon Prospect.
8:00 PM EST | October 04, 2010
Production Restored at Petsec Main Pass Field
Petsec announced that production from the Main Pass Block 270 field, offshore Louisiana, USA was restored.
8:00 PM EST | September 23, 2010
CNOOC, AU JV to Develop Oil Fields Offshore China
CNOOC has signed a Supplemental Development Agreement (SDA) with 4 Australian JV partners to develop 3 oil fields in China's Beibu Gulf.
8:00 PM EST | August 24, 2010
Main Pass Block Well Plugged, Abandoned
Petsec Energy announced the results of the Main Pass Block 20 #4 well located in the Gulf of Mexico in 11 meters (35 feet) of water.
8:00 PM EST | June 10, 2010
Petsec to Recommence Drilling Program in 4Q
Petsec considers it will recommence its drilling program in the 4Q of 2010 due to the resultant changes in the US Federal and Louisiana State regulatory authorities.
8:00 PM EST | June 10, 2010
Petsec Receives Final Leases of GOM Sale
Petsec was awarded the final two leases of the eight leases on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana, on March 17, 2010.
8:00 PM EST | June 03, 2010
Petsec Clinches Another GOM Lease
Petsec was awarded a lease on Main Pass Block 132.
8:00 PM EST | June 02, 2010
Petsec Updates on GOM Exploration Well
Petsec Energy has announced that 9 5/8th inch casing has been set at 2,774 meters (9,100 feet) in the Main Pass 20 #4 well.
8:00 PM EST | May 18, 2010
Petsec Secures GOM Leases
Petsec was awarded leases on Main Pass 273 and Main Pass 274, on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held on March 17, 2010.
8:00 PM EST | May 18, 2010
Petsec Takes Away 2 Prizes from GOM Lease Sale
Petsec Energy was awarded the Ship Shoal 36 and Ship Shoal 74 leases on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana.
8:00 PM EST | April 13, 2010
Hercules 204 Ready to Spin Bit at Main Pass
The Hercules 204 drilling rig has arrived on location to drill the Main Pass Block 20 #4 exploration well in the U.S. Gulf of Mexico.
8:00 PM EST | April 13, 2010
Petsec Gears Up for GOM Drilling Program
The Hercules 204 drilling rig is expected to move onto location within the next three weeks to drill the Main Pass Block 20 #4 well in the U.S. Gulf of Mexico.
8:00 PM EST | April 05, 2010
Petsec Scoops Up 8 Blocks in GOM
Petsec Energy was the apparent high bidder on eight lease blocks at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana.
8:00 PM EST | March 18, 2010
CNOOC May Become Operator of Beibu Gulf Oil Fields
Roc Oil said Tuesday that talks with CNOOC over the development of two oil fields offshore southern China could lead to the Chinese taking over as operator.
7:00 PM EST | November 23, 2009
Korean Firms Test Water Offshore China
Majuko Group's purchase of a stake in an oil block near Hong Kong could pave the way for more deals offshore China by Korean firms.
8:00 PM EST | June 03, 2009
Production Restored at Main Pass 270 Offshore Louisiana
Petsec Energy announced that production from the Main Pass 270 field was restored on March 2, 2009.
8:00 PM EST | March 19, 2009
Petsec Energy to Divest Interest in Onshore Louisiana Field
Petsec Energy is selling its interest in the Humphreys Field located in Terrebonne Parish, onshore Louisiana.
7:00 PM EST | February 25, 2009
Petsec Divests Interest in Onshore Louisiana Field
Petsec Energy has sold its interest in the Humphreys Field, which includes two producing wells, located in Terrebonne Parish, onshore Louisiana.
7:00 PM EST | January 05, 2009
Production Resumes at Chandeleur Island 31/32 in Gulf of Mexico
Petsec has advised that gas production has resumed from its Chandeleur Island 31/32 Field in the Gulf of Mexico, USA after the completion of pipeline maintenance work.
7:00 PM EST | December 11, 2008
Petsec to Shut-In Chandeleur Island Platform for Pipeline Maintenance
Petsec received notice from the owner of the pipeline that transports gas from Petsec's Chandeleur Island 31/32 Field to sales, that necessary maintenance on its pipeline will require shutting in Petsec's CA 31 Platform for approximately 10 days.
7:00 PM EST | November 18, 2008
Petsec Ramps Up GOM Gas Production
Petsec Energy advised that net gas production from its Gulf of Mexico gas fields has increased to 27 million cubic feet of gas equivalent per day as of October 11.
8:00 PM EST | October 13, 2008
Petsec Granted MMS' Approval for 2 GOM Leases
Petsec was awarded the North Padre 929 and North Padre 934 leases in the Gulf of Mexico Lease Sale 207 held by the MMS in August.
8:00 PM EST | September 22, 2008
Petsec Sole Bidder on 2 North Padre Leases in GOM Sale
Petsec Energy was the sole bidder on two North Padre leases in the Western Gulf of Mexico Lease Sale 207 conducted by the Minerals Management Service in New Orleans on August 20, 2008. The leases are subject to approval by the MMS.
8:00 PM EST | August 21, 2008
Production at Eni's Main Pass 270 Shut-in
Petsec Energy announced that its Main Pass 270 field in the Gulf of Mexico briefly resumed production on June 24, 2008. A leak in a pipeline at the Main Pass 133 platform has caused all production to cease.
8:00 PM EST | July 01, 2008
Petsec's Main Pass 19 Oil Storage Facilities Come Online
Petsec has successfully installed a 3,000 barrel oil storage tank adjacent to the Main Pass 19 platform. Two Main Pass 19 wells and the Main Pass 18 No. 6 well are currently producing gas and flowing approximately 150 barrels per day into the tank.
8:00 PM EST | July 01, 2008
Petsec Begins Deepening Well in Louisiana
Petsec Energy has commenced deepening the CL&F#30-1 well that was drilled and temporarily plugged in September, 2007. Approximately 485 meters will be redrilled and then deepened a further 151 meters.
8:00 PM EST | June 03, 2008
Petsec Says Production at Main Pass 270 Temporarily Halted
Petsec Energy reports that its Main Pass 270 field has been shut in since April 19, 2008 due to a "pig" stuck in a production pipeline owned and operated by a third party.
8:00 PM EST | May 13, 2008
Virginia Geason No 1 Well Flows 3 Mmcf, 70 bbl/d
The well flowed at a rate of 3 million cubic feet of gas (MMCFD) and 70 barrels of condensate (BCPD) per day on a 13/64-in. choke with 2,700 psi flowing tubing pressure.
8:00 PM EST | April 28, 2008
Petsec Awarded 2 GOM Leases, 3rd on the Way
Petsec Energy was awarded two new leases for which it was the highest bidder.
8:00 PM EST | April 23, 2008
Petsec Tests George Dickel Prospect for Positive Results
Petsec Energy announced that the Virginia Geason #1 well to test the George Dickel prospect has been drilled to a true vertical depth of 11,443 feet or 3,489 metres and logged 21 net feet of pay in the target Echols sand.
8:00 PM EST | March 13, 2008
ROC Oil Commences Drilling Offshore China
The Premium "Murmanskaya" jack-up rig began drilling on Feb. 12 and by Feb. 13, the operation was drilling a 17 1/2-inch hole to 277 mBRT.
7:00 PM EST | February 12, 2008
Roc Oil: Ready at Block 22/12 Offshore China
Rock Oil reports that the jackup rig is in place at Wei-6-12W-1 well in Block 22/12 offshore China.
7:00 PM EST | January 08, 2008
Rig Contract Finalized for Beibu Gulf Exploration
The Block 22/12 Joint Venture has finalized a rig contract for Premium Drilling's Murmanskaya jackup. The rig will drill four exploration/appraisal wells starting in mid-December in the Beibu Gulf located offshore China.
7:00 PM EST | November 26, 2007
Petsec Energy Doubles US Reserves
Petsec Energy has completed the acquisition announced on October 11th, of interests in seven onshore and offshore Louisiana gas fields.
7:00 PM EST | November 08, 2007