Updated | AWE has warned of a cut to estimated oil reserves in its key Tui field in New Zealand that will trim 5-6 per cent from the explorer’s total proven and probable (2P) reserves.
AWE has warned of a cut to estimated oil reserves in its key Tui field in New Zealand that will trim 5-6 per cent from the explorer’s total proven and probable (2P) reserves.
AWE owns 42.5 per cent of Tui and is the operator of the venture, which includes Mitsui, New Zealand Oil & Gas and Pan Pacific Petroleum .
