Petsec Clinches Another GOM Lease



Petsec offered the winning bid, US $158,900, for a lease on Main Pass Block 132 in the Gulf of Mexico. The lease, which Petsec will solely own, is located in about 157 feet (48 meters) of water and contains the Gazelle prospect with un-risked reserve potential of 30 to 60 Bcfe. Petsec was the high bidder at the Central Gulf of Mexico Lease Sale 213 on March 17, 2010.

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
RELATED COMPANIES