Production capacity of Marathon gas-condensate field in Atchafalaya Bay offshore Louisiana has risen to 50-60 MMcfd with completion of a new pipeline, said Petsec Energy Ltd., Sydney.
The field’s two wells, operated by private Phoenix Exploration Co. on state leases 20221 and 20369, are delilvering into the new pipeline and the previously existing facilities. Production is expected to increase further when the recently drilled third well comes online within 4-6 weeks.
With its high gas rates and condensate yield, the field operates profitably despite low gas prices, Petsec Energy said (OGJ Online, May 18, 2012).
Private companies have 43.25% working interest in the field, and Apache Corp. has 48.75%. Petsec Energy has 8% interest in the wells and pipeline.