SYDNEY, Australia – AWE Ltd. (ASX: AWE) reports that the Pateke-4H development well side track was at a measured depth of 3,845 m (12,615 ft), directionally drilling ahead with a 12¼-in. drilling assembly.
The company plans to drill this section of the well to a measured depth of approximately 4,110 m (13,484 ft), landing at a 90° angle, and then install the 9⅝-in. casing. The well will then be drilled horizontally through the F10 reservoir to a planned measured depth of 5,361 m (17,589 ft).
The Kapuni F10 sandstone objective has already been intersected on prognosis, with oil shows and real-time logging measurements indicating the likely presence of an oil-bearing reservoir. However, the commercial significance of the oil shows will not be clear until the horizontal drilling has been completed.
The Pateke-4H development well is in PMP 38158 in theTaranaki basin offshore New Zealand. PMP 38158 contains the Tui, Amokura, and Pateke fields.
Pateke-4H is targeting a mapped northern extension of the currently producing Pateke field. The well is being drilled in water depth of approximately 124 m (407 ft) with a planned total measured depth of 5,361 m (17,589 ft), including a 1,272-m (4,173-ft) horizontal section. If successful, the well will be completed for subsequent tieback to the Tui FPSO, theUmuroa, for production in 2015.