Petsec spuds 3rd Marathon offshore gas development well
- Located in shallow gas/condensate field.
- Will serve as a further development well for the field.
- New pipeline options for the Marathon field currently being evaluated.
- This would allow for increased production from the existing and new wells
Petsec Energy advise that a third well has been spud on the Marathon gas/condensate field, located in the shallow waters of the Atchafalaya Bay along the Louisiana Gulf Coast, USA. The well was spud on 4 March 2012 and will serve as a further development well for the field.
The 19,000 feet (5,900 metres) well is situated in approximately 8 feet (2.4 metres) water depth and is located less than 200 metres from the #1 well location. Drilling operations are expected to take 107 days to reach total depth, log and case. Petsec's estimated net cost to drill, log and case is US$1.5 million.
New pipeline options for the Marathon field are currently being evaluated which would allow for increased production from the existing two wells, this third well, and further development wells
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to invest or otherwise. The value of an investment may fall. The investments referred to in this
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