NZOG, partners start drilling south of New Plymouth

New Zealand Oil & Gas and its partners have started drilling the Kohatukai-1 exploration well south-east of New Plymouth.

Drilling started yesterday with the objective of testing the Matapo and Mangahewa sands that deliver gas in the Pohokura, Turangi and Mangahewa fields north-east of the city. The well will be drilled to a depth of more than 3,600 metres and is expected to take two months.

NZOG has a 25 percent stake in the permit, as does its parent company Ofer Global Group. Operator AWE owns 12.5 percent, with the balance held by its parent company, Mitsui E&P Australia.

(BusinessDesk)

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

FRW - Acquisition of VT Freight Express
PaySauce Opens $1m Share Purchase Plan
December 17th Morning Report
RUA - Successful rights offer is oversubscribed
Steel & Tube - Shareholder Newsletter - December 2025
SKC - Resignation of Chief Risk Officer
December 16th Morning Report
Comvita reaches agreement with lending partners
December 11th Morning Report
December 10th Morning Report