NZOG (New Zealand Oil & Gas Ltd) advises that as at 0600 hours today (NZ time) the Kahu-1 exploration well was drilling ahead at a measured depth of 3,692 metres.
Progress for the week was 2,188 metres.
The forward plan for the well is to drill to a total depth of approximately 3,820 metres and complete wireline logging.
The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field.
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%
