Production Restored at Petsec Main Pass Field
Petsec announced that production from the Main Pass Block 270 field, offshore Louisiana, USA was restored on September 15, 2010.
The field had been shut-in since early April 2010 due to damage to an onshore oil pipeline owned by a third-party. Efforts to repair the damaged line are ongoing; however an agreement was reached allowing for oil production from the affected fields to be transported through an alternative pipeline.
Production rates from the three wells have stabilized and the wells are currently producing an average gross rate of 20 million cubic feet of gas per day and 650 barrels of oil per day, similar to the production rate at the time of shut-in in April.
The Company has a 25.00% working interest and a 20.83% net revenue interest in the field.
- Petsec Energy Reports Higher Reserves at An Nagyah Oilfield in Yemen (Mar 15)
- Petsec Energy Acquires 100% Stake in Damis Production License (Feb 05)
- Petsec Energy Completes Acquisition of 29.75% Stake in Yemen's Block 7 (Oct 01)