Petsec Energy
The shutdown since April of Petsec’s largest field, Main Pass 270 in the Gulf of Mexico, cut production and drove an operating loss of $US0.8 million. Impairment charges linked to a failed well, reserves downgrades and the difficult investment environment in the Gulf further weighed on the results.
The shutdown since April of Petsec ’s largest field, Main Pass 270 in the Gulf of Mexico, cut production and drove an operating loss of $US0.8 million. Impairment charges linked to a failed well, reserves downgrades and the difficult investment environment in the Gulf further weighed on the results. Angela Macdonald-Smith
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