The Operator of the Tui area oil fields, Australian Worldwide Exploration Ltd (AWE) has today announced that agreements have been executed to secure the services of the semi-submersible drilling rig Kan Tan IV.
The Kan Tan IV is expected in Taranaki waters in the third quarter of 2009.
Within the Tui permit area there are five potentially attractive prospects near to the existing producing reservoirs.
AWE has announced that at least two of these are expected to be drilled by the Kan Tan IV, with additional rig time likely to be available for follow-up drilling.
Final selection of the wells to be drilled has not been made and remains subject to joint venture approval.
