Exploration picks up in Taranaki basin off New Zealand

Australian Worldwide Exploration Ltd., Sydney, said it may participate in as many as five high impact exploration wells off the New Zealand north island in the next 12 months.The company’s New Zealand affiliate is already a participant in the development of Tui, Amokura, and Pateke fields in the Taranaki basin in a group led by New Zealand Overseas Petroleum Ltd., a subsidiary of Transworld Exploration & Production Inc., Houston.First production from those fields, in 130 m of water, is set for late 2006 (OGJ Online, Oct. 29, 2004). Those fields are 20-25 km northwest of Maui gas field, which is in 106 m of water in the Tasman Sea. Click here to enlarge imageAWE’s latest f...

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