Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kupe Gas Project – Drilling Commences

Kupe Gas Project – Drilling Commences

Origin Energy advises that today the Ensco 107 rig has commenced batch drilling the three development wells on the Kupe field.

The commencement of the drilling campaign follows the successful installation of the Project’s wellhead platform jacket (the legs of the offshore platform) and topsides, using the rig.

Kupe Gas Project Director Peter Ashford said the installation of both components went very smoothly.

“Despite some unsettled spring weather the operations have gone without a hitch. This is the result of many months of careful planning and execution by the Project team,” Mr Ashford said.

The platform is located at the Kupe Field, 30 kilometres offshore from Hawera in South Taranaki.

Drilling of the wells is expected to take around five months to complete and during the campaign over 100 drilling team members and their support staff will live onboard the rig.

Each of the three production wells will be drilled to a vertical depth of approximately 3400 metres.

The Ensco 107 drilling rig is owned by Ensco Enterprises Limited and was built in Singapore in 2006.

The Kupe Gas Project is expected to be completed by mid-2009 and will provide New Zealand with approximately 254 petajoules of natural gas, 1.1 million tonnes of LPG and 14.7 million barrels of light oil (condensate).

Participants in the Kupe Gas Project are:

Origin Energy Resources (Kupe) Limited* - 50% (Operator)

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


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news