|
Tuesday 26th October 2010 |
Text too small? |
Problems at the Pateke-3H well have been solved over Labour weekend, and Tui oil field operator AWE Ltd. reports that “the well is currently flowing at over 4,000 barrels of oil per day (bopd) with some ‘flush’ production being achieved from the well”.
AWE expects the well will settle at the longer term production forecast of approximately 3,000 bopd.
“The Tui fields are now back and flowing from all four wells,” AWE said.
Initial efforts to restart Pateke-3 were delayed due to technical issues following the workover undertaken by the Kan Tan IV offshore oil rig, which has now left the area.
The recommissioning issues are understood to have related to equipment that had been idle in the harsh offshore Taranaki marine environment for some months during the workover.
Final costs of the workover have not been calculated and an estimate of about US$46 million could be even higher because of foul weather during the operation.
Participants in the Tui fields and PMP 38158 are AWE (Operator) 42.5%; Mitsui E&P Australia, 35.0%; New Zealand Oil & Gas, 12.5%; and Pan-Pacific, 10.0%.
Businesswire.co.nz
No comments yet
Debt-free NZ Oil and Gas will use cash buffer as it hunts for oil
NZ Oil and Gas cedes promising Kakapo permit after failing to attract farm-in partner
NZOG chair Griffiths backs director liability over health and safety failures
NZOG in trading halt, Tunisian oil field announcement due
NZOG returns to interim dividends after more than a decade
NZOG's first well outside NZ to spud in late Jan
NZ Oil and Gas buys interests in three Taranaki permits from Octanex
NZ Oil and Gas has $162 million to add oil and gas reserves
NZ Oil and Gas farms out quarter-stake in Kaheru prospect
NZ Oil and Gas misses out on stake in deepwater Taranaki permit
