AWE spudded the Oi-1 exploration well in PMP 38158, offshore Taranaki, New Zealand, in 120 m of water. Oi-1 will be drilled vertically to a planned total depth of 3881 m to evaluate the hydrocarbon potential of a 4-way dip closed structure similar to the producing Tui, Amokura, and Pateke fields, targeting the same F10 reservoir sandstones. AWE operates (31.25%) Oi-1, with partners Pacific Petroleum (50%) and New Zealand Oil & Gas (18.75%).