Strength in Diversity: A place for NZ in a Regional Portfolio Neil Tupper, AWE General Manager Exploration & Geoscience New Zealand PETROLEUM SUMMIT Auckland, 2 October 2014
Diverse regional portfolio Strong base business + material growth potential 3
Conveyor belt strength BUSINESS EXPLORATION APPRAISAL DEVELOPMENT PRODUCTION L1, L2, L14, L11, Waitsia Beharra Springs, Perth EP320, EP413, L4, L5, Arrowsmith Senecio Dongara, Corybas, EP 455 Drover Cliff Head VIC/P67 Casino,…
Why New Zealand for AWE AWE Investment Criteria NZ Fit AWE FY13-14 Production New Zealand - 12% Focus Area - Australia/NZ/SE Asia Data & Technology 15% Conveyor Belt Opportunities AWE Operating Capability 12% Stable Regulatory…
New Zealand recent activities BUSINESS EXPLORATION APPRAISAL DEVELOPMENT PRODUCTION PEP 55768 Pateke-4H Tui New Zealand PMP 38158 Pateke-4H development well - 2Q 2014 Connection to Tui FPSO - start up 1H 2015 Oi-1 exploration well…
Pateke 4H innovation case study Pateke a low relief anticline (max 25m) at 3600mSS. Single well NW SE production via P-3H. P-4H designed as an Extended Reach Well to drain unswept oil in 4H a NW field extension 3H Target window for…
Pateke 4H Outcome Top reservoir depth on prognosis Horizontal well section 749m Excellent quality sands with 100% Net/Gross Periscope & Geosphere Tools used to define top reservoir surface and oil/water contact Interpreted Oil Column…
Fast Fire NZ Highlights NZ important to AWE base business & growth objectives Sufficient opportunities if managed as part of a regional portfolio AWE focus on Taranaki Proven hydrocarbon province Shallow water or onshore Oil and…
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