Petsec: Third Marathon Well Spudded (USA)
- Business & Finance
Petsec Energy reports 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.
Source: Petsec Energy, March 8, 2012