AWE Limited reported Monday that as at 11:00 hours (11.00am NZDT) today the Pateke-4H development well in petroleum mining permit (PMP) 38158 offshore New Zealand has been drilled to a revised measured total depth of 15.656 feet (4,772 meters), including a 2,457-foot (749 meter) horizontal section through the reservoir, and installation of a 6.625 inch slotted production liner has been completed.

The well will now be completed and suspended to enable production in 1Q 2015, following the installation of sub-sea flowline infrastructure and tie-back to the Tui FPSO. The oil-bearing properties of the Kapuni F10 reservoir are positive and the data analyzed to date are consistent with AWE’s pre-drill estimates.

Tags: AWE Limited