Drilling manager Steve Butler said it was standard ConocoPhillips practice for wildcat wells to be plugged and abandoned and that ConocoPhillips would not be making any official announcements regarding Karewa-1, which was drilled off Port Waikato.
Karewa-1 was ConocoPhillips second commitment well for PEP 38602, the second five-year term of which expires on April 1.
Diamond Offshore's semisub, Ocean Bounty, spudded Karewa-1 for ConocoPhillips, New Zealand partner Todd Energy and Japan's Inpex Corporation on Boxing Day, December 26. The partners released the rig on January 6.
Todd Energy earlier said the Karewa-1 well would target a shallow late Miocene-aged prospect in the southernmost part of PEP 38602 with a target depth of approximately 2000 meters.
Most Popular Articles