PT Medco Energi Internasional reports that its wholly owned subsidiary, Medco Energi US LLC, has encountered natural gas after a recent drilling activity at Mustang Island 758 block, a 2,330-hectare oil and gas block located 154 feet underwater in offshore Texas.
The discovery is located in federal waters approximately 50 miles due east of Corpus Christi, Texas, Medco was quoted by XFN-Asia as saying.
Medco US plans to install a braced caisson or minimal structure on the well in mid-2007. However, in order to determine the limits of the reservoir and productivity of the well, the well will be extensively tested when completed.