Origin Energy Resources (Kupe) Limited, on behalf of the Kupe Joint Venture, advised that at 12.00pm EST on July 23, the following plug and abandonment operations have been completed on Momoho 1:
The rig is currently waiting for appropriate weather conditions to set the final surface cement plug and conduct a seabed survey, prior to jacking down and moving off location. The next suitable window is expected towards the end of the week.
Drilling began on June 13, 2008, and Momoho 1 was drilled by the jackup drilling rig ENSCO 107.
Partners in the Kupe permit PML38146 are: Origin Energy Resources (Kupe) Limited (Operator), 50%; Wholly owned subsidiaries of Genesis Energy, 31%; New Zealand Oil & Gas Ltd. (through its subsidiaries: National Petroleum Ltd. 12.75%; Petroleum Equities Ltd. and Nephrite Enterprises Ltd. 1.00%), combined 15%; and Mitsui E&P Australia Pty Ltd., 4%.
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