WELLINGTON, New Zealand -- Australian Worldwide Exploration (AWE) has begun the first seismic survey in the D'Urville offshore block (PEP 38524).
The company will acquire 400 km (249 mi) of 2D infill seismic to advance the Malvern prospect to drill-ready status. PEP 38524 is interpreted to form an extension of the South Taranaki basin, which includes the Kupe South and Maari oil and gas fields. A number of prospects and leads have been mapped in the permit, primarily at the Moki level, the company says.
According to the company, results from the seismic survey will be available early in the new year. AWE expects to make a drilling decision in the first half of 2009.