Thursday 6th May 2010 |
Text too small? |
Partners in the Tui SW-1 exploration well reported today that drilling has reached a depth of 1505 metres, on the way to the target depth of 3900 metres.
The Tui SW-1 well is located in mining licence PMP 38158 in the offshore Taranaki Basin, approximately 85 kilometres from New Plymouth.
Operator and 42.5% partner in the field is AWE, with New Zealand Oil and Gas holding 12.5%.
NZOG said the Tui SW-1 well is testing the Kapuni F10 Sand, which has proved productive at the adjacent Tui oilfield.
Meanwhile, the Taranaki Daily News reports that Todd Energy may have breached regional plan noise limits with flaring at its onshore Mangahewa site, where a new exploration well has been drilled and has apparently found hydrocarbons.
A report on flow-testing from the well is due next week.
Todd declined to comment on local rumours that the size of the find had required a doubling in the size of the flare-pit at the Mangahewa-C site.
Businesswire.co.nz
No comments yet
Debt-free NZ Oil and Gas will use cash buffer as it hunts for oil
NZ Oil and Gas cedes promising Kakapo permit after failing to attract farm-in partner
NZOG chair Griffiths backs director liability over health and safety failures
NZOG in trading halt, Tunisian oil field announcement due
NZOG returns to interim dividends after more than a decade
NZOG's first well outside NZ to spud in late Jan
NZ Oil and Gas buys interests in three Taranaki permits from Octanex
NZ Oil and Gas has $162 million to add oil and gas reserves
NZ Oil and Gas farms out quarter-stake in Kaheru prospect
NZ Oil and Gas misses out on stake in deepwater Taranaki permit