Australian company AWE, which holds a 10%interest in Sugarloaf, said Marathon was planning to drill between 100 and 110wells, well up on the 48 wells drilled during 2013.
AWE said Marathon had forecast a reductionin gross drilling costs from between $7 million and $8 million per well to between$6.5 million and $7.5 million.
It saidthe reduction in costs was a result of drilling time per well reducing 50% andstimulation cycle time by 40% since 2012 and achieving 97% operational uptimein 2013.
“We
