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NORTH AMERICA

Otto gears up for GoM spud

OTTO Energy likes its chances having confirmed it will spud the South Timbalier 224 well in the Gulf of Mexico inside the next fortnight targeting more than 90 billion cubic feet of gas and about 3.2 million barrels of oil.

Anthony Barich
Enterprise 264 rig.

Enterprise 264 rig.

Managing director Matthew Allen said Otto was rapt at being able to drill the ST 224 well so soon after securing a 25% interest in the highly prospective opportunity with experienced operator W&T Offshore....

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