Pan Pacific Petroleum Company News

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JV Partners Withdraw from Vietnam's Offshore Block 121
Wednesday, September 30, 2015Joint venture partners in Vietnam's offshore Block 121 in the Phu Khanh Basin withdraw from the license following the unsuccessful drilling of the Whale prospect.

Australia's PPP CEO Tom Prudence Steps Down, Firm Not Seeking Replacement
Tuesday, August 25, 2015Pan Pacific Petroleum CEO Tom Prudence steps down from post, with company not seeking a replacement.

Timor-Leste Issues Termination Notice for PSC JPDA 06-103
Thursday, July 16, 2015Timor-Leste's Autoridade Nacional do Petroleo issues a notice of termination to Oilex for PSC JPDA 06-103, located in the Timor Sea, which is effective immediately.

PPP Drops Plans to Sell Stakes in NZ's Tui Oil and Vietnam's CRD Projects
Friday, May 29, 2015Pan Pacific Petroleum drops plans to sell its stakes in New Zealand's Tui oil project and Vietnam's Ca Rong Do project.

Partners in JPDA 06-103 Receive Notice of Intent from ANP to Terminate PSC
Friday, May 15, 2015The joint venture in the Joint Petroleum Development Area 06-103 Block off north west Australia receives notice of intent to terminate the production sharing contract from the Autodidade Nacional do Petroleo.

JPDA 06-103 JV Submits Request to ANP to Terminate the PSC Off NW Australia
Wednesday, May 13, 2015Partners in the Joint Petroleum Development Area 06-103 Block off northwest Australia submit a request to the Autoridade Nacional do Petroleo to terminate the Production Sharing Contract.

PPP Informs Shareholders to Take No Action on Zeta Energy's Takeover Offer
Monday, April 13, 2015Pan Pacific Petroleum informs shareholders to take no action regarding Zeta Energy's takeover offer as it prepares a formal recommendation on the acquisition.

Zeta Energy Mounts an On-Market Takeover Bid for Pan Pacific Petroleum
Friday, April 10, 2015Zeta Energy mounts an on-market takeover bid for Australia's Pan Pacific Petroleum.

Oil Production Commences at Pateke-4H Well in PMP 38158 Off New Zealand
Wednesday, April 08, 2015AWE commences oil production at the Pateke-4H development well in PMP 38158 offshore New Zealand.

Work on Pateke-4H Subsea Tie-back Project Underway at NZ’s Tui Oil Fields
Friday, March 06, 2015AWE says work has begun on the Pateke-4H subsea tie-back and installation project at Tui Area oil fields offshore New Zealand.

Oil Reserves at Tui Fields Offshore NZ Raise After Pateke-4H Well Review
Tuesday, January 06, 2015Pan Pacific Petroleum reports higher reserves at Tui Area Oil Fields offshore New Zealand after a review of the Pateke-4H well in petroleum mining permit 38158.

Kan Tan IV Completes Drilling at Oi-2 Well in PMP 38158 Offshore Taranaki
Tuesday, July 15, 2014Pan Pacific Petroleum reports that the Kan Tan IV semisub is proceeding to plug and abandon Oi-2 exploration well in permit PMP 38158 offshore Taranaki, New Zealand.

Australia's AWE, PPP, NZOG To Drill 2nd Oil Well Off NZ Coast
Tuesday, June 10, 2014AWE Limited, Pan Pacific Petroleum and New Zealand Oil and Gas will drill a $40M exploration well off the coast of New Zealand after they were unable to case a first well drilled at the site.

AWE Prepares to Relocate Kan Tan IV Semisub to Drill Oi-1 Well Off NZ
Tuesday, May 20, 2014AWE prepares to relocate Kan Tan IV semisub to drill the Oi-1 exploration well in petroleum mining permit 38158 offshore New Zealand in late May.

AWE Reports an 80% Increase in Pateke-4H Drilling Costs to $99M
Tuesday, May 06, 2014AWE reports that drilling cost of Pateke-4H well in permit 38158 offshore New Zealand rose 80% due to the need for significant additional work arising from mechanical difficulties.

AWE Installs Production Liner at Pateke-4H Well in PMP 38158 offshore NZ
Monday, May 05, 2014AWE completes installation of production liner at Pateke-4H development well in permit 38158 offshore Taranaki Basin, New Zealand.

Drilling Continues at Pateke-4H Well in NZ's Offshore Taranaki Basin
Tuesday, April 22, 2014AWE reports that drilling continues at Pateke-4H development well in petroleum mining permit 38158 offshore Taranaki Basin, New Zealand.

NZ's Pateke-4H Well Drilling Cost to Rise Due to Operational Difficulties
Tuesday, April 15, 2014AWE reports that drilling cost for Pateke-4H development well in petroleum mining permit 38158 offshore New Zealand is expected to rise due to operational difficulties.

AWE Continues Drilling at Pateke-4H Well in PMP 38158 Off New Zealand
Tuesday, April 08, 2014AWE reports that drilling continues at Pateke-4H development well in petroleum mining permit 38158 in the offshore Taranaki Basin, New Zealand.

Drilling Continues at Pateke-4H Well in PMP 38158 Off New Zealand
Tuesday, April 01, 2014AWE provides a drilling update on Pateke-4H development well in petroleum mining permit 38158 off New Zealand.

AWE Updates on Drilling at Pateke-4H Well Offshore NZ's Taranaki Basin
Tuesday, March 25, 2014AWE updates on drilling at Pateke-4H development well in petroleum mining permit 38158 off New Zealand.

Talisman Releases Ocean General After Drilling CD-1X Well off Vietnam
Tuesday, March 18, 2014Pan Pacific Petroleum reports that the Ocean General semisub has been released from drilling operations at CD-1X exploration well in Block 07/03 off Vietnam's Nam Con Song Basin.

AWE Fails to Resolve Mechanical Drill String Difficulties at Pateke Well
Tuesday, March 18, 2014AWE fails to resolve the mechanical drill string difficulties at Pateke-4H well in petroleum mining permit 38158 off New Zealand.

AWE Experiences Mechanical Drill String Difficulties at NZ's Pateke-4H Well
Tuesday, March 11, 2014AWE experiences mechanical drill string difficulties at Pateke-4H development well in petroleum mining permit 38158 offshore New Zealand.

AWE Continues to Drill at Pateke-4H Well in PMP 38158 off New Zealand
Thursday, March 06, 2014AWE continues drilling at Pateke-4H development well in petroleum mining permit 38158 off New Zealand.

Ocean General Fails to Find Hydrocarbons at Silver Sillago Well off Vietnam
Monday, March 03, 2014Pan Pacific Petroleum reports that Ocean General semisub did not encounter oil or gas when drilling the Silver Sillago exploration well in Block 07/03 off Vietnam.

AWE Updates on Drilling at Patek-4H Development Well in Taranaki Basin
Wednesday, February 26, 2014AWE provides an update on drilling at Pateke-4H development well in petroleum mining permit 38158 in the Taranaki Basin off New Zealand.

AWE Prepares to Install Subsea Wellhead at Pateke-4H Well in PMP 38158
Wednesday, February 19, 2014AWE prepares to cement the casing and install the subsea wellhead at Pateke-4H development well in petroleum mining permit 38158 in the Taranaki Basin, offshore New Zealand.

Ocean General Spuds CD-1X Exploration Well in Block 07/03 off Vietnam
Thursday, January 30, 2014Pan Pacific Petroleum reports that the Ocean General semisub has commenced drilling at the CD-1X well in Block 07/03 production sharing contract off Vietnam.

Ocean General Continues Work at CRD-3X Well in Block 07/03 off Vietnam
Friday, November 29, 2013Pan Pacific Petroleum discloses that the Ocean General semisub is continuing work at the CRD-3X well in Block 07/03 Production Sharing Contract in Vietnam's Nam Con Son Basin.

Drilling Continues at CRD-3X Well in Block 07/03 in Nam Con Son Basin
Monday, November 11, 2013Pan Pacific Petroleum reports that drilling continues at the CRD-3X appraisal well in Block 07/03 in the Nam Con Son Basin off Vietnam.

Pan Pacific Petroleum Updates on Drilling at CRD-3X Well in Block 07/03
Thursday, October 17, 2013Pan Pacific Petroleum updates on drilling at the CRD-3X appraisal well in Block 07/03 in the Nam Con Son Basin off Vietnam.

AWE, NZOG, PPP to Acquire Mitsui 35% Stake in Tui Area Oil Project
Thursday, October 03, 2013AWE announces that remaining partners in Tui Area Oil Project off the Taranaki Basin in New Zealand will raise their stakes after Mitsui's decision to divest its 35 percent interest in the development.

Ocean General Begins Drilling at CRD-3X Well in Nam Con Son Basin
Monday, September 02, 2013Pan Pacific Petroleum reports that the Ocean General mid-water semisub has commenced drilling at the CRD-3X appraisal well in Block 07/03 off Vietnam.

Abandonment of 121-CV-1X Well Taking Longer than Planned
Monday, August 19, 2013Pan Pacific Petroleum reports that abandonment of the 121-CV-1X well in Block 121, off Vietnam is taking longer than planned.

Origin Energy Finds Minor Gas Shows at 12-CV-1X Well
Tuesday, July 23, 2013Pan Pacific Petroleum reports that operator Origin Energy encounters only minor gas shows when drilling the 121-CV-1X exploration well in Block 121 off Vietnam.

Premier to Plug, Abandon Well at Vietnam Block
Thursday, April 28, 2011Premier has advised that the CRD-2X-ST appraisal well operations have been successfully completed and that the CRD-2X well will now be plugged and abandoned.

Logging Ops Underway at Premier's CRD-2X Appraisal Well
Friday, March 04, 2011Premier is currently carrying out a program of logging to enable a full evaluation of the objective section, and the results of this will determine whether further operations will be undertaken.

Drilling Commenced at Premier's Offshore Vietnam Block
Thursday, February 17, 2011Premier has commenced drilling the CRD-2X appraisal well using the semi-submersible drilling rig the Ocean General.

PPP to Spud Appraisal Well in Vietnam, Updates 4Q10 Ops
Monday, January 31, 2011The operational highlights for the December quarter were the completion of the Pateke-3H repair and reinstatement of production, and planning of the CRD-2X appraisal well in Vietnam, which is due to spud very shortly.

Premier Oil to Spud CRD-2X Well Offshore Vietnam
Thursday, January 06, 2011Premier Oil, the operator of Block 07/03, has advised that CRD-2X is expected to spud within the next few weeks.

Pan Pacific Petroleum Gets Green Light for Stake in Vietnam Farmin
Monday, July 12, 2010Pan Pacific Petroleum has received the necessary PetroVietnam and Vietnamese Government approvals to acquire a 5% interest in the Block 07/03 PSC from Premier Oil Vietnam South.

Ocean Shield Spins Bit in Western Australia
Monday, May 24, 2010Apache Northwest has advised that the Ocean Shield drilling rig is now on location and has commenced drilling of the Bath-1 exploration well located in the TL/2 Production License.

AWE Spins Bit Offshore Taranaki Basin
Friday, May 07, 2010AWE reported that the Kan Tan IV drilling rig started drilling at 1000 hours on May 2nd, 2010.

Pan Pacific Petroleum Posts Operational Results for 1Q
Monday, May 03, 2010The Tui area oilfields production continues to provide a solid financial basis for PPP's continuing growth ambitions which have, so far, seen new ventures developed in the Joint Petroleum Development Area between East Timor and Australia (JPDA).

Pan Pacific Petroleum Reports on Timor Sea, Vietnam Farm-Ins
Tuesday, October 13, 2009Pan Pacific Petroleum has agreed to acquire a 15% interest in the JPDA 06-103 Production Sharing Contract, and all JV parties have now waived their pre-emptive rights in relation to the respective farm-outs.

Pan Pacific Petroleum Snaps Up Stake in Timor Sea Block
Wednesday, September 30, 2009A wholly owned subsidiary of Pan Pacific Petroleum has agreed to acquire a 15% Participating Interest in the JPDA 06-103 Production Sharing Contract, the area of which is located in the Timor Sea.

Pan Pacific Petroleum Reviews June 2009 Quarterly Activities
Friday, July 31, 2009Pan Pacific Petroleum has provided its quarterly overview of international exploration and production activities for June 2009.

P&A Operations Completed at Ca Rong Do Offshore Vietnam
Wednesday, July 15, 2009The Ca Rong Do exploration discovery well within Block 07/03 Production Sharing Contract, offshore Vietnam, has been plugged and abandoned, as planned.

Plugging Operations Under Way at Ca Rong Do Discovery Well
Wednesday, July 01, 2009PPP confirmed that operations at the Ca Rong Do exploration discovery well offshore Vietnam are currently under way to plug and abandon the well, as planned.