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.

continue reading about the Hoki prospect on SubseaIQ

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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