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- Release Date: 31/01/14 17:18
- Summary: MINE: NZO: Matuku operations complete as Pateke nears
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NZO
31/01/2014 15:18
MINE
REL: 1518 HRS New Zealand Oil and Gas Limited
MINE: NZO: Matuku operations complete as Pateke nears
The Matuku-1 well in PEP 51906 offshore Taranaki has been plugged, the
operator has advised.
The semi-submersible drilling rig, Kan Tan IV, will next move to the Pateke
prospect in the Tui oil fields in PMP 38158.
Drilling operations at Matuku began on 30 November and the well was drilled
to 4,846 metres.
As previously advised, the well did encounter expected sandstones in the
primary and secondary targets (Kapuni Group F-sands and North Cape Formation)
but commercial volumes of oil and gas were not present.
Pateke-4H is a northern extension of the existing Pateke reservoir in the Tui
fields that are already producing.
Pateke-4H is expected to take around two months to drill to a depth of 3,655
metres. A separate advisory will be issued when drilling commences in the
well.
Participants in PEP 51906 are OMV New Zealand (Operator) 65 per cent; Octanex
22.5 per cent; and New Zealand Oil & Gas 12.5 per cent. In Tui the partners
are AWE , 57.5 per cent (operator); New Zealand Oil & Gas, 27.5 per cent;
and Pan Pacific Petroleum, 15 per cent.
john Pagani
External Relations Manager
+64 21 570 872
End CA:00246561 For:NZO Type:MINE Time:2014-01-31 15:18:32
