AWE to start production at Pateke-4H in 2015

AWE Limited has reported that as at 6.00am New Zealand Daylight Time today the Pateke-4H development well was successfully completed and suspended for production at a later date.

Production from Pateke-4H is planned for 1H calendar year 2015 following the installation and commissioning of a sub-sea flow-line and ancillary control equipment connecting the well to the Tui Field gathering system. This work is scheduled to start in Q1 calendar year 2015.

Preparations are being made to relocate the Kan Tan IV drilling rig 12 kilometers to the northeast of the Tui field to the Oi-1 exploration well location. On current planning Oi-1 is expected to commence drilling during the last week of May and a separate announcement will be made on commencement of drilling.

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.

[mappress]