Pan Pacific Petroleum Company News

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JV Partners Withdraw from Vietnam's Offshore Block 121
Joint venture partners in Vietnam's offshore Block 121 in the Phu Khanh Basin withdraw from the license following the unsuccessful drilling of the Whale prospect.
8:00 PM EST | September 29, 2015
Australia's PPP CEO Tom Prudence Steps Down, Firm Not Seeking Replacement
Pan Pacific Petroleum CEO Tom Prudence steps down from post, with company not seeking a replacement.
8:00 PM EST | August 24, 2015
Timor-Leste Issues Termination Notice for PSC JPDA 06-103
Timor-Leste's Autoridade Nacional do Petroleo issues a notice of termination to Oilex for PSC JPDA 06-103, located in the Timor Sea, which is effective immediately.
8:00 PM EST | July 15, 2015
PPP Drops Plans to Sell Stakes in NZ's Tui Oil and Vietnam's CRD Projects
Pan Pacific Petroleum drops plans to sell its stakes in New Zealand's Tui oil project and Vietnam's Ca Rong Do project.
8:00 PM EST | May 28, 2015
Partners in JPDA 06-103 Receive Notice of Intent from ANP to Terminate PSC
The joint venture in the Joint Petroleum Development Area 06-103 Block off north west Australia receives notice of intent to terminate the production sharing contract from the Autodidade Nacional do Petroleo.
8:00 PM EST | May 14, 2015
JPDA 06-103 JV Submits Request to ANP to Terminate the PSC Off NW Australia
Partners in the Joint Petroleum Development Area 06-103 Block off northwest Australia submit a request to the Autoridade Nacional do Petroleo to terminate the Production Sharing Contract.
8:00 PM EST | May 12, 2015
PPP Informs Shareholders to Take No Action on Zeta Energy's Takeover Offer
Pan Pacific Petroleum informs shareholders to take no action regarding Zeta Energy's takeover offer as it prepares a formal recommendation on the acquisition.
8:00 PM EST | April 12, 2015
Zeta Energy Mounts an On-Market Takeover Bid for Pan Pacific Petroleum
Zeta Energy mounts an on-market takeover bid for Australia's Pan Pacific Petroleum.
8:00 PM EST | April 09, 2015
Oil Production Commences at Pateke-4H Well in PMP 38158 Off New Zealand
AWE commences oil production at the Pateke-4H development well in PMP 38158 offshore New Zealand.
8:00 PM EST | April 07, 2015
Work on Pateke-4H Subsea Tie-back Project Underway at NZ’s Tui Oil Fields
AWE says work has begun on the Pateke-4H subsea tie-back and installation project at Tui Area oil fields offshore New Zealand.
7:00 PM EST | March 05, 2015
Oil Reserves at Tui Fields Offshore NZ Raise After Pateke-4H Well Review
Pan Pacific Petroleum reports higher reserves at Tui Area Oil Fields offshore New Zealand after a review of the Pateke-4H well in petroleum mining permit 38158.
7:00 PM EST | January 05, 2015
Kan Tan IV Completes Drilling at Oi-2 Well in PMP 38158 Offshore Taranaki
Pan Pacific Petroleum reports that the Kan Tan IV semisub is proceeding to plug and abandon Oi-2 exploration well in permit PMP 38158 offshore Taranaki, New Zealand.
8:00 PM EST | July 14, 2014
Australia's AWE, PPP, NZOG To Drill 2nd Oil Well Off NZ Coast
AWE Limited, Pan Pacific Petroleum and New Zealand Oil and Gas will drill a $40M exploration well off the coast of New Zealand after they were unable to case a first well drilled at the site.
8:00 PM EST | June 09, 2014
AWE Prepares to Relocate Kan Tan IV Semisub to Drill Oi-1 Well Off NZ
AWE prepares to relocate Kan Tan IV semisub to drill the Oi-1 exploration well in petroleum mining permit 38158 offshore New Zealand in late May.
8:00 PM EST | May 19, 2014
AWE Reports an 80% Increase in Pateke-4H Drilling Costs to $99M
AWE reports that drilling cost of Pateke-4H well in permit 38158 offshore New Zealand rose 80% due to the need for significant additional work arising from mechanical difficulties.
8:00 PM EST | May 05, 2014
AWE Installs Production Liner at Pateke-4H Well in PMP 38158 offshore NZ
AWE completes installation of production liner at Pateke-4H development well in permit 38158 offshore Taranaki Basin, New Zealand.
8:00 PM EST | May 04, 2014
Drilling Continues at Pateke-4H Well in NZ's Offshore Taranaki Basin
AWE reports that drilling continues at Pateke-4H development well in petroleum mining permit 38158 offshore Taranaki Basin, New Zealand.
8:00 PM EST | April 21, 2014
NZ's Pateke-4H Well Drilling Cost to Rise Due to Operational Difficulties
AWE reports that drilling cost for Pateke-4H development well in petroleum mining permit 38158 offshore New Zealand is expected to rise due to operational difficulties.
8:00 PM EST | April 14, 2014
AWE Continues Drilling at Pateke-4H Well in PMP 38158 Off New Zealand
AWE reports that drilling continues at Pateke-4H development well in petroleum mining permit 38158 in the offshore Taranaki Basin, New Zealand.
8:00 PM EST | April 07, 2014
Drilling Continues at Pateke-4H Well in PMP 38158 Off New Zealand
AWE provides a drilling update on Pateke-4H development well in petroleum mining permit 38158 off New Zealand.
8:00 PM EST | March 31, 2014
AWE Updates on Drilling at Pateke-4H Well Offshore NZ's Taranaki Basin
AWE updates on drilling at Pateke-4H development well in petroleum mining permit 38158 off New Zealand.
8:00 PM EST | March 24, 2014
Talisman Releases Ocean General After Drilling CD-1X Well off Vietnam
Pan Pacific Petroleum reports that the Ocean General semisub has been released from drilling operations at CD-1X exploration well in Block 07/03 off Vietnam's Nam Con Song Basin.
8:00 PM EST | March 17, 2014
AWE Fails to Resolve Mechanical Drill String Difficulties at Pateke Well
AWE fails to resolve the mechanical drill string difficulties at Pateke-4H well in petroleum mining permit 38158 off New Zealand.
8:00 PM EST | March 17, 2014
AWE Experiences Mechanical Drill String Difficulties at NZ's Pateke-4H Well
AWE experiences mechanical drill string difficulties at Pateke-4H development well in petroleum mining permit 38158 offshore New Zealand.
8:00 PM EST | March 10, 2014
AWE Continues to Drill at Pateke-4H Well in PMP 38158 off New Zealand
AWE continues drilling at Pateke-4H development well in petroleum mining permit 38158 off New Zealand.
7:00 PM EST | March 05, 2014
Ocean General Fails to Find Hydrocarbons at Silver Sillago Well off Vietnam
Pan Pacific Petroleum reports that Ocean General semisub did not encounter oil or gas when drilling the Silver Sillago exploration well in Block 07/03 off Vietnam.
7:00 PM EST | March 02, 2014
AWE Updates on Drilling at Patek-4H Development Well in Taranaki Basin
AWE provides an update on drilling at Pateke-4H development well in petroleum mining permit 38158 in the Taranaki Basin off New Zealand.
7:00 PM EST | February 25, 2014
AWE Prepares to Install Subsea Wellhead at Pateke-4H Well in PMP 38158
AWE prepares to cement the casing and install the subsea wellhead at Pateke-4H development well in petroleum mining permit 38158 in the Taranaki Basin, offshore New Zealand.
7:00 PM EST | February 18, 2014
Ocean General Spuds CD-1X Exploration Well in Block 07/03 off Vietnam
Pan Pacific Petroleum reports that the Ocean General semisub has commenced drilling at the CD-1X well in Block 07/03 production sharing contract off Vietnam.
7:00 PM EST | January 29, 2014
Ocean General Continues Work at CRD-3X Well in Block 07/03 off Vietnam
Pan Pacific Petroleum discloses that the Ocean General semisub is continuing work at the CRD-3X well in Block 07/03 Production Sharing Contract in Vietnam's Nam Con Son Basin.
7:00 PM EST | November 28, 2013
Drilling Continues at CRD-3X Well in Block 07/03 in Nam Con Son Basin
Pan Pacific Petroleum reports that drilling continues at the CRD-3X appraisal well in Block 07/03 in the Nam Con Son Basin off Vietnam.
7:00 PM EST | November 10, 2013
Pan Pacific Petroleum Updates on Drilling at CRD-3X Well in Block 07/03
Pan Pacific Petroleum updates on drilling at the CRD-3X appraisal well in Block 07/03 in the Nam Con Son Basin off Vietnam.
8:00 PM EST | October 16, 2013
AWE, NZOG, PPP to Acquire Mitsui 35% Stake in Tui Area Oil Project
AWE announces that remaining partners in Tui Area Oil Project off the Taranaki Basin in New Zealand will raise their stakes after Mitsui's decision to divest its 35 percent interest in the development.
8:00 PM EST | October 02, 2013
Ocean General Begins Drilling at CRD-3X Well in Nam Con Son Basin
Pan Pacific Petroleum reports that the Ocean General mid-water semisub has commenced drilling at the CRD-3X appraisal well in Block 07/03 off Vietnam.
8:00 PM EST | September 01, 2013
Abandonment of 121-CV-1X Well Taking Longer than Planned
Pan Pacific Petroleum reports that abandonment of the 121-CV-1X well in Block 121, off Vietnam is taking longer than planned.
8:00 PM EST | August 18, 2013
Origin Energy Finds Minor Gas Shows at 12-CV-1X Well
Pan Pacific Petroleum reports that operator Origin Energy encounters only minor gas shows when drilling the 121-CV-1X exploration well in Block 121 off Vietnam.
8:00 PM EST | July 22, 2013
Premier to Plug, Abandon Well at Vietnam Block
Premier has advised that the CRD-2X-ST appraisal well operations have been successfully completed and that the CRD-2X well will now be plugged and abandoned.
8:00 PM EST | April 27, 2011
Logging Ops Underway at Premier's CRD-2X Appraisal Well
Premier is currently carrying out a program of logging to enable a full evaluation of the objective section, and the results of this will determine whether further operations will be undertaken.
7:00 PM EST | March 03, 2011
Drilling Commenced at Premier's Offshore Vietnam Block
Premier has commenced drilling the CRD-2X appraisal well using the semi-submersible drilling rig the Ocean General.
7:00 PM EST | February 16, 2011
PPP to Spud Appraisal Well in Vietnam, Updates 4Q10 Ops
The operational highlights for the December quarter were the completion of the Pateke-3H repair and reinstatement of production, and planning of the CRD-2X appraisal well in Vietnam, which is due to spud very shortly.
7:00 PM EST | January 30, 2011
Premier Oil to Spud CRD-2X Well Offshore Vietnam
Premier Oil, the operator of Block 07/03, has advised that CRD-2X is expected to spud within the next few weeks.
7:00 PM EST | January 05, 2011
Pan Pacific Petroleum Gets Green Light for Stake in Vietnam Farmin
Pan Pacific Petroleum has received the necessary PetroVietnam and Vietnamese Government approvals to acquire a 5% interest in the Block 07/03 PSC from Premier Oil Vietnam South.
8:00 PM EST | July 11, 2010
Ocean Shield Spins Bit in Western Australia
Apache Northwest has advised that the Ocean Shield drilling rig is now on location and has commenced drilling of the Bath-1 exploration well located in the TL/2 Production License.
8:00 PM EST | May 23, 2010
AWE Spins Bit Offshore Taranaki Basin
AWE reported that the Kan Tan IV drilling rig started drilling at 1000 hours on May 2nd, 2010.
8:00 PM EST | May 06, 2010
Pan Pacific Petroleum Posts Operational Results for 1Q
The Tui area oilfields production continues to provide a solid financial basis for PPP's continuing growth ambitions which have, so far, seen new ventures developed in the Joint Petroleum Development Area between East Timor and Australia (JPDA).
8:00 PM EST | May 02, 2010
Pan Pacific Petroleum Reports on Timor Sea, Vietnam Farm-Ins
Pan Pacific Petroleum has agreed to acquire a 15% interest in the JPDA 06-103 Production Sharing Contract, and all JV parties have now waived their pre-emptive rights in relation to the respective farm-outs.
8:00 PM EST | October 12, 2009
Pan Pacific Petroleum Snaps Up Stake in Timor Sea Block
A wholly owned subsidiary of Pan Pacific Petroleum has agreed to acquire a 15% Participating Interest in the JPDA 06-103 Production Sharing Contract, the area of which is located in the Timor Sea.
8:00 PM EST | September 29, 2009
Pan Pacific Petroleum Reviews June 2009 Quarterly Activities
Pan Pacific Petroleum has provided its quarterly overview of international exploration and production activities for June 2009.
8:00 PM EST | July 30, 2009
P&A Operations Completed at Ca Rong Do Offshore Vietnam
The Ca Rong Do exploration discovery well within Block 07/03 Production Sharing Contract, offshore Vietnam, has been plugged and abandoned, as planned.
8:00 PM EST | July 14, 2009
Plugging Operations Under Way at Ca Rong Do Discovery Well
PPP confirmed that operations at the Ca Rong Do exploration discovery well offshore Vietnam are currently under way to plug and abandon the well, as planned.
8:00 PM EST | June 30, 2009