AWE Limited, as Operator of Petroleum Mining Permit 38158 offshore Taranaki, New Zealand, advises that the semi-submersible drilling rig 'Kan Tan IV' commenced drilling the Oi-1 exploration well at 18:30 hours (6.30pm) NZDT on Friday, 30 May 2014. The Oi-1 exploration well is located approximately 12 kilometres northeast of the Tui Area Oil Fields in water depth of approximately 120 metres.

As at 06:00 hours (6.00am) NZDT yesterday, operations had run and cemented 30 inch casing to 229 metres and was drilling ahead in a 17 ½ inch hole at a depth of 510 metres.

Tags: AWE Limited