OIL

AWE completes NZ seismic

AUSTRALIAN Worldwide Exploration has successfully completed its first international offshore seis...

AWE completes NZ seismic

The survey in permit PEP 38460 was an 80 square kilometre Pateke North 3D seismic survey done on behalf of a joint venture with Transworld, Mitsui, New Zealand Oil & Gas and Pan Pacific Petroleum

In PEP 38483 the 420 square kilometre Hector 3D survey was done on behalf of a joint venture with Mitsui, New Zealand Oil & Gas and Pan Pacific Petroleum.

And in PEP 38481 the 300 kilometre West Cape 2D survey done on behalf of a joint venture with Shell Exploration, OMV New Zealand and Todd Petroleum Company.

The campaign was completed without any adverse safety incidents, under time and under budget, according to AWE managing director Bruce Phillips said.

“Results of the seismic acquisition will help define additional potential in the Tui development area, as well as delineate prospects identified by AWE in PEP 38483 (Hector) and PEP 38481 (West Cape),” Phillips said.

“AWE only chooses to be an operator where such a role can add value for our shareholders. The fact that three separate joint ventures, including companies of the calibre of Shell, Mitsui and OMV, considered AWE an acceptable Operator for this seismic campaign is pleasing.”

The seismic was acquired using the 3D Seismic vessel Veritas Viking II, which will now leave New Zealand.

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