Origin begins deepwater oil exploration drilling offshore New Zealand

Feb. 13, 2014
Origin Energy Ltd. advises that the operator of the joint venture PEP 38264, Anadarko Petroleum Co., has begun drilling the Caravel-1 exploration well, in the Canterbury basin offshore New Zealand.

Offshore staff

SYDNEY, AustraliaOrigin Energy Ltd. advises that the operator of the joint venture PEP 38264, Anadarko Petroleum Co., has begun drilling the Caravel-1 exploration well, in the Canterbury basin offshore New Zealand.

The drillshipNoble Bob Douglas is expected to complete drilling in approximately 40 days, reaching an expected total depth of 2,800 m (9,186 ft) subsea in a water depth of 1,105 m (3,625 ft).

The PEP 38264 joint venture comprisesAnadarko New Zealand Co. (operator), 45%; Origin Energy Ltd. (through its wholly owned subsidiary Origin Energy Resources NZ Ltd.), 45%; and Discover Exploration Canterbury NZ BV, 10%.

02/14/2014

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