NZOG (New Zealand Oil & Gas Ltd) advises that at 0600 hours today (NZ time) the Kahu-1 well was drilling ahead at a measured depth of 1,350 metres.
Kahu-1 is an exploration well within PMP 38158 in the offshore Taranaki Basin.
The well will test the Kapuni group sands within a large incised valley feature east of the Tui oil field.
Kahu-1 is being drilled by the Kan Tan IV rig 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%
