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Petsec awarded two leases in the Gulf Of Mexico


Published Apr 15, 2010
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Petsec awarded Main Pass 7 in the Gulf of Mexico-Spotlight

Petsec Energy Ltd announces that it was awarded the Ship Shoal 36 and Ship Shoal 74 leases on which it was the high bidder at the Central Gulf of Mexico Lease Sale 213 held in New Orleans, Louisiana, on 17 March 2010.

Petsec submitted sole bids of US$158,900 and US$127,900, respectively, on the leases and will own a 100% working interest. The leases are in less than 25 feet of water with prospects that are estimated to be greater than 75-100 Bcfe of potential.

Tags: Petsec Energy Ltd



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