The Cutter-1 well is designed to explore for hydrocarbons within the Shag Point Formation. The well is expected to take approximately 30 days to reach the proposed total vertical depth. The well is being drilled by Diamond Offshore's semisub, Ocean Patriot.
Participants in the well are Tap Oil as operator with 40%; AWE New Zealand with 25%; Beach Petroleum with 20% and Anzon with 15%.
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