Drilling phase complete at Kupe South 7 well

The 6-1/8 in. (15.6 cm) section of Kupe South 7 Sidetrack 1 (KS-7 ST1) offshore Taranaki Basin in New Zealand has been evaluated with wire-line logs and the 5-in. (12.7-cm) liner successfully set and cemented, operator Origin Energy says.

Offshore staff

AUKLAND, New Zealand -- The 6-1/8 in. (15.6 cm) section of Kupe South 7 Sidetrack 1 (KS-7 ST1) offshore Taranaki Basin in New Zealand has been evaluated with wire-line logs and the 5-in. (12.7-cm) liner successfully set and cemented, operator Origin Energy says. This now completes the drilling phase of the Kupe campaign.

The completion phase of the three development wells has now been initiated starting with KS-7 ST1, where the completion tubing and down-hole monitoring equipment will be installed before moving to Kupe South 8 (KS-8).

The Kupe Project drilling campaign is being undertaken on a "batch-drilling" basis. This process involves completing the same section of each of the three wells before proceeding to the subsequent section and is a more efficient approach than drilling the wells separately.

Participants in the Kupe Gas Project are Origin Energy, 50%; wholly-owned subsidiaries of Genesis Energy, 31%; New Zealand Oil & Gas Ltd. subsidiaries, 15%; and Mitsui E&P Australia Pty Ltd., 4%.

04/24/2008

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