Petsec spuds 3rd Marathon offshore gas development well

Thursday, March 8, 2012
  • 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

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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