Weather Holds Up Ensco 107 Move, NZOG Expects to Spud Momoho Soon

New Zealand Oil & Gas Ltd (NZOG) advises that on June 11, the weather had abated and the drilling rig ENSCO 107 was mobilizing to the Momoho location. Over the past week, the operator has been waiting for suitable weather conditions to safely move the rig from the Kupe Platform.

Over the coming week, the rig is expected to jackup on the Momoho location and undertake the necessary preparations to start drilling. Spudding of the well is anticipated for June 15. The well is expected to take approximately 51 days to drill. Momoho is approximately 6 kilometers southeast of the Kupe central field offshore New Zealand.

Origin Energy serves as the operator of the Kupe permit PML38146 with a 50% interest. Genesis Energy holds 31% interest, NZOG holds 15% and Mitsui E&P holds the remaining 4%.

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