Thought Manaia-2 was first up in drill program? Does anyone know how to find exact location?
Kan Tan IV Arrives in New Zealand for Drilling Campaign by Cheang Chee Yew|Rigzone Staff|Thursday, August 15, 2013
The Kan Tan IV (mid-water semisub) arrived Monday at Admiralty Bay in the Marlborough Sounds as it prepares to commence a multiple well drilling campaign in the Taranaki Basin off New Zealand.
Kan Tan IV was transported from Malaysia to the Taranaki Basin by Dockwise's heavy transport vessel. Local engineers are removing fastenings attaching the semisubmersible to Blue Marlin before getting Kan Tan IV ready for tow to the Matuku-1 oil field in exploration permit PEP 51906, local daily The Marlborough Express reported.
The semisubmersible will drill the Makutu-1 well to 15,912 feet (4,850 meters) after being moored in 443 feet (135 meters) of water. Matuku is located to the west of the New Zealand's offshore Maui gas field and southwest of the Tui field.
Joint venture partners in PEP 51906 exploration permit comprised operator OMV Group (65 percent), Octanex N.L. (22.5 percent) and New Zealand Oil & Gas Limited (12.5 percent).
CUE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)