Kan Tan IV Completes Drilling at Oi-2 Well in PMP 38158 Offshore Taranaki

Pan Pacific Petroleum (PPP) announced Tuesday that it has been advised by AWE, the operator of petroleum mining permit (PMP) 38158 containing the Oi-2 exploration well which is being drilled by Kan Tan IV (mid-water semisubmersible), that as of 06:00hrs operations are proceeding to plug and abandon Oi-2 located offshore Taranaki, New Zealand after which the rig will then abandon Oi-1 prior to release.

The Joint Venture partners in the Oi-2 exploration well are:

  • AWE Limited (via subsidiaries) (Operator): 31.25 percent
  • New Zealand Oil & Gas (via subsidiaries): 18.75 percent
  • Pan Pacific Petroleum (via subsidiaries): 50.00 percent

The Joint Venture partners in PMP 38158 are:

  • AWE Limited (via subsidiaries) (Operator): 57.50 percent
  • New Zealand Oil & Gas (via subsidiaries): 27.50 percent
  • Pan Pacific Petroleum (via subsidiaries): 15.00 percent

The information contained in this announcement is current as at the date indicated in this release. This report is based on information compiled by Tom Prudence (CEO). Prudence has a BSc (Hons) in Geological Geophysics and an MSc in Petroleum Geology. He is also a Fellow of the Geological Society of London and a member of the Society of Petroleum Engineers (SPE). Prudence has consented in writing to the inclusion of this information in the format and context in which it appears.


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.