AWE Prepares to Relocate Kan Tan IV Semisub to Drill Oi-1 Well Off NZ

AWE Limited reported Tuesday that as at 06:00 hours (6.00am NZDT) today the Pateke-4H development well in petroleum mining permit (PMP 38158) offshore New Zealand was successfully completed and suspended for production at a later date.

Production from Pateke-4H is planned for 1H calendar year 2015 following the installation and commissioning of a sub-sea flow-line and ancillary control equipment connecting the well to the Tui Field gathering system. This work is scheduled to commence in 1Q calendar year 2015.

Preparations are being made to relocate the Kan Tan IV (mid-water semisub) 7.45 miles (12 kilometers) to the northeast of the Tui field to the Oi-1 exploration well location. On current planning Oi-1 is expected to commence drilling during the last week of May and a separate announcement will be made on commencement of drilling.

The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007.

The Joint Venture partners in PMP 38158 are:

  • AWE Limited (via subsidiaries) (Operator): 57.5 percent
  • New Zealand Oil & Gas (via subsidiaries): 27.5 percent
  • Pan Pacific Petroleum (via subsidiaries): 15.0 percent


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