AWE releases offshore Taranaki rig

AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, has released a final update concerning the Oi-2 well.

The company has reported that plug and abandonment operations for the Oi-1 and Oi-2 exploration wells have been completed.

The Kan Tan IV drill rig was released at 13:00 hours (1.00 pm) NZDT on Saturday, 19 July 2014.

The Joint Venture partners in PMP 38158 are: AWE Limited (via subsidiaries) (Operator) 57.50%; New Zealand Oil & Gas (via subsidiaries) 27.50%; Pan Pacific Petroleum (via subsidiaries) 15.00%;

The Joint Venture partners in the Oi-2 exploration well are: AWE Limited (via subsidiaries) (Operator) 31.25%; New Zealand Oil & Gas (via subsidiaries) 18.75%; Pan Pacific Petroleum (via subsidiaries) 50.00%.

 Related: AWE’s Oi-2 well comes to nothing