EXPLORATION

AWE spuds Kopuwai

OPERATOR Australian Worldwide Exploration started drilling the Kopuwai-1 well in the PEP 38482 permit in New Zealand’s offshore Taranaki basin on the weekend.

AWE spuds Kopuwai

About 10km north of the Tui Area oil project in 125m of water, the well has a planned total depth of 4060m.

With a mapped closure extending over 30 square kilometres, it could hold more than 100 million or more barrels of oil, according to AWE.

At 6am New Zealand time on Tuesday, the Ocean Patriot drilling rig was preparing to drill ahead after cementing surface casing at a measured depth of 234m.

AWE’s 50% interest is fully carried for the budgeted costs of the Kopuwai-1 well as a result of recent farmouts to Beach Petroleum (20%) and Mitsui Exploration (30%).

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.