NZOG (New Zealand Oil & Gas Ltd) advises that drilling of the Kahu-1 exploration well has started.
The Kan Tan IV drilling rig spudded the Kahu-1 well at 0600 hours (NZ time) this morning.
Kahu-1 is an exploration well within PMP 38158 and will test the Kapuni group sands within a large incised valley feature 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:
New Zealand Oil & Gas Ltd (through its subsidiary Stewart Petroleum) 12.5%
AWE Limited (Operator) 42.5%
Mitsui E&P Australia Pty Limited 35.0%
Pan Pacific Petroleum NL (through its subsidiary WM Petroleum Ltd) 10.0%
