ENSCO Oceanics International has won the contract to drill three development wells in the Kupe gas and condensate field and bids have been received for the construction of the production station, as momentum builds on the Kupe Gas Project. According to operator, Origin Energy, the drilling program will commence in the first half of 2007 and extend for approximately six months. The ENSCO contract includes options to drill up to three additional wells either on Kupe or elsewhere, as well as cancellation provisions in the event the project does not proceed. The drilling rig, the ENSCO 107, was recently launched and commissioned in Singapore. It will complete three projects in South East Asia, before mobilising to New Zealand in the first quarter of 2007. The Kupe Gas Project is on track for the Joint Venture to make the final investment decision in first half of 2006. Once approved it is expected that commercial gas and liquids production
will commence during 2008.
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