Petsec Energy Ltd Announces Arrival of Hummer Rig On Site
Wednesday 28 September 2016
Petsec Energy Ltd (ASX:PSA) (OTCMKTS:PSJEY) is pleased to advise the successful installation of the Hummer platform jacket over the Main Pass 270 #3 discovery well offshore Louisiana, Federal Waters, USA. The Ensco 87 jack-up rig has now arrived at the platform jacket site in Block 270 to undertake the next phase of development which is the tie back of the subsea suspended #3 well to the jacket and the completion and production testing of the well. It is anticipated that production testing results will be available in mid to late October 2016.
Following testing, the well will be temporarily suspended for future production while the platform deck, facilities and pipelines are fabricated and installed. The current estimate for first production is mid-year 2017.
The Hummer Development Project covers an area that includes portions of three Outer Continental Shelf (OCS) lease blocks - Main Pass Blocks 270, 273 and 274. Portions of Main Pass Blocks 273 and 270 have been unitised and are held by a Suspension of Production (SOP) approved by the Bureau of Offshore Energy Management (BOEM). Main Pass Block 274 was recently leased by the Hummer Development Project partners at a federal lease sale held in March 2016 and is in its primary lease term.