Operations

Operations

USA

Petsec Energy has been active in the USA since 1989 and has explored offshore in the Gulf of Mexico and onshore in Louisiana, Texas, California, Utah, Colorado, Wyoming, Montana and North Dakota. In the period through 2017, Petsec has drilled over 100 wells in the USA and has enjoyed a high exploration success rate.

MENA

The Company decided in 2014 that it required exposure to substantial oil reserves to augment the exploration strategy in the U.S., and that Yemen provided substantial oil potential at moderate entry prices.