Pateke-4H drilling update 18 February

Posted on 18 February 2014

The Pateke-4H well in the Tui oil fields offshore Taranaki was at a measured depth of 1507 metres at 6.00AM NZDT today, the operator has advised.

13 3/8 inch casing is being run. The next operation will be to cement the casing.

Pateke-4H is a northern extension of the existing Pateke reservoir in the producing Tui area oil fields in PMP 38158, approximately 50 kilometres off the coast of Taranaki, New Zealand, in water depth of about 124 metres.

Drilling began on 10 February. The well is expected to take around two months to drill to a planned total measured depth of 5,361 metres, including a 1,271 metre horizontal section.

In the event that commercial volumes are discovered the well will be completed and later tied into the existing Tui production facilities. Production of first oil would be in the first half of 2015 or later.

New Zealand Oil & Gas has 27.5 per cent interest in Tui.

The other Tui joint venture partners are:
AWE Limited (via subsidiaries) (Operator) 57.5%
Pan Pacific Petroleum (via subsidiaries) 15.0%


Attachment: News Release