Tui partners targeting by-passed Pateke North, PPP says

Tue, 28 Aug 2012

Aug. 29 (BusinessDesk) - The Tui oilfield partners are considering drilling a new production well in the Pateke North lobe structure, which has so far not been penetrated, 10 percent Tui shareholder Pan Pacific Petroleum reports. In comments in the company's annual report, chief executive Tom Prudence says the Pateke North well may offer between one million and four million additional barrels of oil, with drilling likely in mid to late 2013, subject to rig availability. The Tui field has so far produced a total of 33.2 million barrels of oil,...

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