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OFF SHORE PROJECTS
The ADA project portfolio contains a number of key offshore projects in various stages of completion. The Kupe development is currently in the drilling phase, as is the West Triton Drilling Consortium. Both the Kan Tan IV drilling consortium and Ensco-56 drilling project are expected to commence the execution phase in the third quarter of 2008.
Kupe Gas Project
The Kupe Gas Project, operated by Origin Energy Resources, includes drilling and completing 3 development wells in New Zealand's Taranaki basin. ADA designed the wells and manages the drilling aspects of the project, which commenced with the arrival of the Ensco-107 Jack Up drilling rig in October 2007. The wellhead platform jacket was installed using the rig and the well construction phase is expected to be complete in May 2008. An exploration program in the Taranaki basin using the Ensco-107 will commence in direct continuation of the Kupe Gas Project. ADA will manage the program on behalf of Origin Energy Resources.
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West Triton Drilling Consortium
In 2007 ADA coordinated the forming of a drilling consortium to undertake a combined drilling program in the Bass Strait of the coast of Victoria, Australia. The consortium consists of 5 Operators who have a total of 12 wells scheduled in both the Gippsland and Otway Basins. The rig selected was the West Triton, a new build Jack Up, which arrived in the Bass Strait in February 2008 for a 324 day initial term. ADA provides well engineering services and manages the consortium and the drilling operations on behalf of the participating Operators.
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Kan Tan IV drilling Consortium
Despite a constrained rig market, ADA was able to contract the semi submersible drilling rig Kan Tan IV mid 2007 for a consortium consisting of 4 initial Operators. Since then the program has expanded to 12 wells over a period of 663 days. Well locations are both in Australia's Bass Strait Area and New Zealand waters. The Kan Tan IV is managed by Maersk and expected to mobilize from the Caribbean during the 3rd quarter of 2008. ADA provides project management for the wells and will coordinate and manage drilling operations once the rig departs from the Caribbean.
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Ensco 56 Project Management
ADA is currently engineering and planning an exploration program for the Taranaki Basin in New Zealand, scheduled to be drilled using the Ensco-56 Jack Up drilling rig. The rig is currently in New Zealand and after survey work is expected to commence this project in August 2008. The contract includes 3 option wells. Management of the project was awarded to ADA early 2008.
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