12 February 2014
Drilling commences in New Zealand's Canterbury Basin
Origin Energy Limited (Origin) advises that PEP 38264 operator, Anadarko Petroleum Company, on behalf of the joint venture, commenced drilling the Caravel-1 exploration well at 16:44 hours local time on 10 February 2014.
Well type and location
Caravel-1 is located in the Canterbury Basin offshore New Zealand. The drillship Noble Bob Douglas is expected to take about 40 days for this drilling operation, which will reach an expected total depth of 2,800m subsea in a water depth of 1,105m.
PEP 38264 Joint Venture
|Anadarko New Zealand Company (Operator)||45%|
|Origin Energy Limited*||45%|
|Discover Exploration Canterbury NZ BV||10%|
* Through its wholly owned subsidiary Origin Energy Resources NZ Limited.
PEP 38264 Canterbury Basin
Senior External Affairs Manager
Ph: +61 2 9375 5834
Mobile: +61 417 851 287
Group Manager, Investor Relations
Ph: +61 2 9375 5816
Mobile: +61 467 799 642
Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.