EduBourseActualitésKupe Development wells – Kupe South 6, 7 & 8, offshore Taranaki...

Kupe Development wells – Kupe South 6, 7 & 8, offshore Taranaki Basin, New Zealand – 2007-12-28

Origin Energy Limited advises that at 12pm EST today, the 17 inch hole section of the Kupe South 6 well had reached a bit depth of 975m MDRT (measured depth from rotary table). The 17 inch hole section of the KS-6 well will be drilled to approximately 2,000m MDRT where the hole will be cased and cemented, prior to drilling the 17 inch hole sections of the KS-7 and KS-8 wells.

Drilling began at 22:40 hrs on 19 December 2007. The 22 inch top hole sections of all three development wells in permit PML 38146 have been completed to the following depths:

Kupe South 6 560m MDRT
Kupe South 7 566m MDRT
Kupe South 8 568m MDRT

Each of the three production wells will be drilled by the ENSCO 107 jack-up drilling rig to a vertical depth of approximately 3,400 metres.

The Kupe Project drilling campaign is being undertaken on a “batch-drilling” basis. This process involves completing the same section of each of the three wells before proceeding to the subsequent section and is a more efficient approach than drilling the wells separately.

Participants in the Kupe Gas Project are:
Origin Energy Resources (Kupe) Limited* (Operator) 50%
Wholly owned subsidiaries of Genesis Energy 31%
New Zealand Oil & Gas Limited (through its subsidiaries: National Petroleum Ltd. 12.75%, Petroleum Equities Ltd. 1.25% and Nephrite Enterprises Ltd. 1.00%) 15%
Mitsui E&P Australia Pty Ltd 4%

*a wholly owned subsidiary of Origin Energy Limited

For further information please contact:
Media – New Zealand:
Greta Shirley
+64 21 455 922

Investors:
Angus Guthrie
Manager Investor Relations
Origin Energy
Tel: +61 2 8345 5558
Mobile: +61 417 864 255
Email: [email protected]

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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