AWE has successfully completed the tie-back of well offshore of New Zealand
Australia’s AWE Limited (ticker: AWE) announced that it has completed the subsea tie-back and installation to connect the Pateke-4H development well to the Tui area oil fields gathering system. The company began flow testing the well to determine the optimal well settings.

According to the company’s press release, the well recorded an initial unstabilized flow rate of 34 MBOPD at 67% choke and a 48% water cut, which the company says is in line with field modelling. ...

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