New Zealand Oil & Gas provides update on offshore Pateke-4H well

New Zealand Oil & Gas reports that production tubing was being run at the Pateke-4H well, in PEP 38158 offshore Taranaki last week. The well will be suspended for later production and the rig relocated 12 km (7 mi) to the Oi-1 exploration well in the same permit.

May 20th, 2014

Offshore staff

WELLINGTON, New ZealandNew Zealand Oil & Gas reports that production tubing was being run at the Pateke-4H well, in PEP 38158 offshore Taranaki last week. The well will be suspended for later production and the rig relocated 12 km (7 mi) to the Oi-1 exploration well in the same permit.

On current planning, Oi-1 is still expected to spud during the last week of May. The installation of a subsea flowline and ancillary control equipment to the Tui field gathering system, which will enable Pateke-4H to be flowed to the Tui Field FPSOUmuroa, is scheduled for 1Q 2015.

Drilling in the well ceased at 4,772 m (15,656 ft), including a 749-m (2,457-ft) horizontal section through the reservoir.

New Zealand Oil & Gas has a 27.5% interest in Tui. The other Tui joint venture partners are AWE Ltd. (via subsidiaries) as operator), 57.5%; and Pan Pacific Petroleum (via subsidiaries), 15.0%.

05/19/2014

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