Winter Drilling Planned for Tui Follow-up Wells

The Transworld Oil joint venture plans a winter drilling campaign offshore New Zealand in Taranaki permit PEP 38460, according to one of the partners, Australian Worldwide Exploration Ltd.

AWE says the first well Amokura-1 will be drilled in May 2004. The Amokura prospect is 4 kilometers west of the Tui-1 discovery well drilled in February 2003.

This would be followed in June by the Pukeko-1 well some 70 kilometers south of Tui. The third possible well Kiwi-1 would then be drilled in July.

Diamond Offshore's semisub, Ocean Bounty, which drilled the Tui-1 discovery, is likely to return to New Zealand waters for the program.

AWE managing director Bruce Phillips says that if the follow-up drilling to Tui is successful, first production will be possible in June 2005 under the operator's fast-track scenario.
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