Petsec Energy, an independent oil and gas exploration and production company, informed Thursday that drilling started on July 15, 2015 on the Main Pass Block 270 #3 well in the Gulf of Mexico.
The exploratory well is being drilled in federal offshore waters on Petsec’s Hummer prospect, located approximately 50 miles southeast of Venice, Louisiana.
Water depth at the prospect location is approximately 215 feet. Castex Offshore, Inc. is designated operator of the well.
The well is being drilled to a true vertical depth (TVD) of 16,000’ to test Miocene age sand objectives. According to Petsec, the Main Pass 270 #3 well is being drilled utilising the Ensco 87 jack-up drilling rig and is expected to take approximately 60 days to reach total depth.
Petsec has a 12.5% non-operating working interest (10.24% net revenue interest) in the well. The company’s share of drilling costs is estimated to be $2 million net.
Participating working interests in the well are: Petsec Energy Inc. 12.5% and other private companies 87.5%.