AWE Limited advises that at 0600 hours today (NZ time) the Kahu-1 well was drilling ahead at a measured depth of 1,350 metres. The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field.
Kahu-1 will test the Kapuni group sands within a large incised valley feature immediately east of the Tui oil field. The well is being drilled in a water depth of 122 metres and is expected to drill to a total measured depth of approximately 3,820 metres.
Participants in Kahu-1 and PMP 38158 are:
AWE Limited (Operator) 42.5%
Mitsui E&P Australia Pty Limited 35.0%
Stewart Petroleum Co Limited (NZOG) 12.5%
WM Petroleum Limited (PPP) 10.0%
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Source: Awexplore, July 1, 2010: