Petsec Begins New Main Pass Drilling Program

Petsec Energy has spud the first well in its new four-well drilling program at Main Pass 19.

The new wells are being drilled from the Company's recently installed Main Pass 19 platform – located 80 miles southeast of New Orleans, and will test mapped potential of approximately 15 to 18 billion cubic feet equivalent (Bcfe) of gas net to Petsec Energy.

Successful wells will be completed for production while drilling on subsequent wells proceeds.

US natural gas prices are currently in excess of US$14 per thousand cubic feet (Mcf).

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit