Tuesday 25th September 2018 |
Text too small? |
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)
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024