Main Pass 19 Production Platform Installed, Three Weeks to Production

The Main Pass 19 production platform has now been installed and sales pipeline laid for the development of Petsec Energy’s new gas field in the Gulf of Mexico, USA.

Hook-up and commissioning is underway and gas production is expected to commence within three weeks from the three wells drilled by Petsec between April and June 2005. These three wells discovered an estimated 13 billion cubic feed of gas equivalent (Bcfe) net to the company.

A four-well drilling programme to be conducted from the Main Pass 19 platform will commence early next week.

Petsec Energy Ltd is an independent oil and gas exploration and production company listed on the Australian Stock Exchange. Its focus of operations is on gas in the shallow waters of the Gulf of Mexico and onshore Louisiana Gulf Coast region of the USA, and on oil in the shallow waters of the Beibu Gulf off the south coast of China.