AWE Spuds Taranui-1

Tui Oil Field, Maui Field, Kupe Field
(Click to Enlarge)
AWE Ltd ("AWE") reports that at 0600 hours today, the Taranui-1 well was cementing 30" casing at a depth of 227 meters, after starting drilling operations at 0630 hours on August 20, 2007.

During the week, the Hector-1 was plugged and abandoned and the Ocean Patriot rig was moved to the Taranui-1 location in PMP 38158.

The Taranui prospect is located in PMP 38158, approximately 15 kilometers north east of the Tui Area Oil Project. Taranui -1 is being drilled in a water depth of 121 meters and has the potential to contain in excess of 15 million barrels of recoverable oil. The well has a planned total depth of approximately 3,900 meters.

Participants in PMP 38158 are:

AWE * (Operator) 				42.5%
Mitsui E & P New Zealand Limited 		35.0%
Stewart Petroleum Company Ltd 		12.5%
("New Zealand Oil & Gas") 
WM Petroleum Ltd 				10.0%
("Pan Pacific Petroleum NL") 
* New Zealand Overseas 
Petroleum Pty Ltd 				(22.5%)
AWE New Zealand Pty Limited 		(20.0%)
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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Manager
Expertise: Drilling Manager|Drilling Superintendent
Location: Dallas, TX
Drill Rig Operator
Expertise: Driller|Drilling Foreman / Drilling Supervisor|Production Operator
Location: Hayward, CA
Tool Pusher
Expertise: Field Service Tech|Toolpusher
Location: Odessa, TX
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours