AWE: Pateke drilling almost completed

AWE Limited reports that as 6.00am New Zealand Daylight Time today the Pateke-4H development well was running the production tubing and associated equipment.

The well, located in the Taranaki basin, offshore New Zealand, will then be suspended for later production.

The installation of a sub-sea flow-line and ancillary control equipment to the Tui Field gathering system to enable the Pateke-4H well to be flowed to the Tui Field FPSO “Umuroa”, is scheduled to commence in late Q1 calendar year 2015.

Following the suspension of Pateke-4H, the drill rig will be relocated 12 kilometers to the northeast of the Tui field to the Oi-1 exploration well location. On current planning Oi-1 is expected to spud during the last week of May.

The Pateke-4H development well is in PMP 38158 and AWE is the Operator. Located in the offshore Taranaki Basin, New Zealand, PMP 38158 contains the Tui, Amokura and Pateke fields and has been producing since 2007. Pateke-4H is in water depth of approximately 124m and has been drilled into a northern extension of the producing Pateke field.

The Joint Venture partners in PMP 38158 are:

AWE Limited (via subsidiaries) (Operator) 57.5%
New Zealand Oil & Gas (via subsidiaries) 27.5%
Pan Pacific Petroleum (via subsidiaries) 15.0%