Hoki-1 drilling restarts off New Zealand

Drilling has resumed at the Hoki-1 exploration well offshore Taranaki basin, New Zealand, in PEP 38401, reports New Zealand Oil & Gas Ltd.

Offshore staff

WELLINGTON, New Zealand – Drilling has resumed at the Hoki-1 exploration well offshore Taranaki basin, New Zealand, in PEP 38401, reports New Zealand Oil & Gas Ltd.

Drilling was suspended while repairs were made to the drilling mast.

The well is 135 km west of New Plymouth in 330 m water depth. TD is planned for 3,570 m.

Participants are AWE as operator with 50%; NZOG subsidiary Petroleum Resources Ltd., 10%; OMV New Zealand Pty Ltd., 21.25%; and Todd Petroleum Mining Co Ltd., 18.75%.

04/06/2010

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