Tui partners target more oil discoveries offshore New Zealand

The semisubmersible Kan Tan IV will soon come on contract to the Tui joint venture in the Taranaki basin offshore New Zealand.

Jan 30th, 2014

Offshore staff

NORTH SYDNEY, Australia – The semisubmersible Kan Tan IV will soon come on contract to the Tui joint venture in the Taranaki basin offshore New Zealand.

It will initially drill the Pateke-4H appraisal development well in Tui area license PMP 38158, followed by the Oi exploration well.

According to partnerPanPacific Petroleum (PPP), successful results could lead to tie-ins to the existing Tui facilities early next year, with Oi in particular extending the life of the Tui area oil fields.

Offshore southern Vietnam, PPP is a partner in block 07/03. The semisubOcean General completed the CRD-3X and side track appraisal program in December. Weather delays prevented the rig from relocating to the west of the block to spud the CD-1X exploration well until earlier this month.

Both the CRD-3X wells encountered hydrocarbon-bearing reservoirs, and CRD-3X flowed more than 8,000 b/d from previously untested Miocene sandstones.

Reserves and engineering studies will now follow, and the partners will decide whether to enter the front-end engineering detailed design phase around the end of 3Q, subject to approvals.

CD-1X well will evaluate the hydrocarbon potential of theSilver Sillago prospect, a tilted fault trap targeting Miocene clastic reservoirs similar to those encountered 55 km (34 mi) to the east in the CRD structure.

01/30/2014

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