AWE cuts Tui reserves

OPERATOR AWE has downgraded its assessment of the initial total recoverable reserves of the offshore Taranaki Tui Area oil fields by about 20%, from 50.5 million to 40-42 million barrels.

AWE cuts Tui reserves AWE cuts Tui reserves AWE cuts Tui reserves AWE cuts Tui reserves AWE cuts Tui reserves

However, it still believes there may yet be more reserves that can be accessed by future in-fill or exploration drilling.

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