Petsec Energy reports gas discovery at the Jeanerette field in Louisiana


Petsec Energy reports gas discovery at the Jeanerette field in Louisiana

SYDNEY, Australia -- Petsec Energy reported that the Adeline Sugar Factory No. 4 well has reached a total depth of 15,300 ft (4,663 m). Wireline logging has been completed and a gas/condensate discovery in the primary objective lower Miocene sands is indicated. Protective liner has been run in preparation for completing the well as a producer. Production is expected to commence within the next month.

The ASF No. 4 is an onshore exploration well located in Jeanerette field in St. Mary Parish, Louisiana which was spud on March 12, 2014. Petsec’s participation in the well was agreed in mid-April following technical review and negotiations which took place after drilling commenced but prior to reaching the well’s exploration objectives. The newly discovered interval in the well is a deeper target on a proven structure that has previously produced significant quantities of gas and condensate at shallower levels.

Petsec Energy’s Chairman, Terry Fern, commented on the discovery: “We are pleased that Petsec Energy’s first conventional exploration well drilled since our 2010 gas/condensate discovery at the Marathon field is a success. Having suspended our shale oil strategy and returned to our core strength of conventional exploration, we look forward to continuing exploration success and growth in the value of the company.”

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