AWE Drills Ahead Offshore Taranaki Basin



The Hoki-1 well is at a measured depth of 11,247 feet (3,428 meters) and plans to intersect the upper part of the Wainui formation. Overnight, the well met the targeted North Cape Formation sands but did not encounter hydrocarbons. The Kan Tan IV semisub is continuing to drill and should reach a final depth of 11,713 feet (3,570 meters). Situated in license PEP 38401 in the Taranaki Basin offshore New Zealand, the Hoki prosect is operated by AWE, holding a 50% interest.

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