AWE confirms dry well at Tuatara-1

AWE confirmed today it is plugging and abandoning the wildcat Tuatara-1 exploration well, offshore D'Urville Island. 

The well was abandoned at 1,911 metres. 

"Minor oil shows were intermittently reported over the interval 1,790 - 1,850 metres" but there were no commercial quantities, the company said in a statement to the NZX.  Gas shows were also reported around 800 metres.  

Tuatara-1 joins the growing list of wells to be plugged and abandoned this year following various campaigns using the Kan Tan IV and ENSCO-107 rigs. 

Tuatara-1 is located in PEP 38524, in the western Tasman Bay in the southern part of the offshore Taranaki Basin. AWE, as operator, holds 60%, Roc Oil (Tasman) Pty is at 20%, Kea Oil and Gas is at 10%, and Carnarvon Petroleum (NZ) holds 10%.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026