Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

AWE Lifts First Tui Crude

change text size

Tui Area Oil Field
(Click to Enlarge)
New Zealand Prime Minister Helen Clark officially opened AWE Ltd.'s Tui Area Project at a ceremony in New Plymouth Thursday.

The ceremony coincided with AWE completing the first lifting of crude oil from the project.

On Thursday, a cargo of approximately 300,000 barrels of high-quality Tui crude was transferred from the Floating Production Storage & Offloading (FPSO) vessel, Umuroa,to the tanker Akama for shipment to refineries in Sydney and Brisbane operated by Caltex Australia. The Akama has been chartered on a long-term basis and is dedicated to the transportation of Tui crude oil.

AWE Ltd's Tui Area Oil Project, offshore New Zealand's Taranaki coast, started production on July 30, 2007.

Commissioning of the Tui Area production wells and subsea systems has progressed without incident and three of the four wells are now on line, with a combined estimated production capacity in excess of 90,000 bopd.

The fourth well is expected to be available when required to maintain maximum production. A stable crude oil flow rate of up to 42,000 bopd has been achieved through the FPSO. As expected during project commissioning, production has been slightly constrained by the FPSO topsides facility, which is designed to handle a maximum 50,000 bopd.

However system uptime is improving quickly as experience in operating the new facility is gained. Some minor process de-bottlenecking is being implemented which is expected to allow the full design production rate to be achieved within the next few weeks.

Preliminary testing of samples taken from the production wells suggest the oil properties and quality are in line with pre-production expectations.

Participants in the Tui Area Oil Project are:

  • AWE, (Operator) 42.5%
  • Mitsui E & P New Zealand Limited 35.0%
  • Stewart Petroleum Co. Ltd ("New Zealand Oil & Gas") 12.5%
  • WM Petroleum Ltd ("Pan Pacific Petroleum NL") 10.0%
Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Most Popular Articles
From the Career Center
Jobs that may interest you
Field Operator
Expertise: Production Operator
Location: Longview, TX
 
Artificial Lift-Applications Engineer
Expertise: Workover or Completion
Location: Bakersfield, CA
 
Controls Manager
Expertise: Gas Plant Operations, Instrument & Controls Engineer, Project Management
Location: La Porte, TX
 
search for more jobs