New Zealand Oil & Gas Limited announced as at 6:00AM 6 January, the Matuku-1 well in PEP 51906 offshore Taranaki had been drilled to 3417 meters.
9 5/8" casing has been run to 3409 meters and cemented. The current operation is running in 8 ½" drilling assembly to commence drilling the next section to a planned total depth of 4754 m. The Kan Tan IV began drilling operations on Saturday, 30 November. Matuku-1 is in 130 metres of water.