Pan Pacific Petroleum has been advised by AWE, the Operator of PMP38158, that as of 0600 hours today the Pateke-4H appraisal/development well being drilled by the semi-submersible drilling rig the 'Kan Tan IV' was at a measured depth of 3,689 m BRT (below rotary table) in 12 1/4in. hole after successfully testing the BOP. It is anticipated the 9 5/8in. casing depth will be 4100mmdBRT.
The well is being drilled in a water depth of about 124m, with a planned total measured depth, of approximately 5,361m BRT, including a 1,272m horizontal drilling section. Pateke-4H is targeting contingent resources contained in Pateke North a potential extension of the Pateke Field which is not being accessed by Pateke-3H, the current producing well on the Pateke structure. If successful the well will be completed for subsequent tie-back to the Tui FPSO for production with first oil expected before the end of Q1 2015.