No good oil for AWE The Tuatara-1 wildcat well will be plugged and abandoned, operator AWE confirmed today.AWE announced to ASX that drilling of up to 1,911 metres had revealed no zones of economic potential, though minor oil shows were discovered between 1,790-1,850 metres.Tuatara-1, located in PEP 38524 in the southern part of the offshore Taranaki Basin, was due to be drilled to a depth of 2000 metres.It had targeted up to 100 million barrels of potential oil reserves. NBR Contributor Mon, 16 Aug 2010 Businessoil explorationAWETuatara-1offshore Taranaki
