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- Release Date: 20/01/14 11:51
- Summary: MINE: NZO: Matuku reaches total depth and new seismic completed
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NZO
20/01/2014 09:51
MINE
REL: 0951 HRS New Zealand Oil and Gas Limited
MINE: NZO: Matuku reaches total depth and new seismic completed
Total depth of 4846 metres was reached on Saturday, 18 January in the Matuku
well in PEP 51906 offshore Taranaki.
The next operation is pulling out of the hole prior to running wireline logs.
The Kan Tan IV began drilling operations on Saturday, 30 November. Matuku-1
is in 130 meters of water.
Meanwhile the 400 square kilometre 'Kaka' 3D seismic survey in the same
permit was completed the same day, ahead of schedule. The Kaka survey began
on 5 January using the survey vessel Polarcus Alima.
The primary target in the Matuku well, Kapuni Group Farewell F Sands, were
found to be porous but there were no significant gas or oil shows.
Oil shows were seen in D Sands and North Cape Formation units deeper in the
well.
Geoscientists will now analyse these results to form a view about the play
types around the Kahurangi Trough, which was thought to be a source kitchen
for a success case at Matuku.
The Kaka 3D survey will provide valuable information about the Paleocene
Farewell and Eocene Mangahewa Formations. This dataset along with the Matuku
well results should assist in understanding the source of the Tui, Maui and
Maari fields neighbouring PEP 51906.
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. OMV New Zealand are
paying 100% of the Matuku-1 well costs under the conditions of their farm in
agreement with Octanex.
John Pagani
External Relations Manager
+64 21 570 872
End CA:00246201 For:NZO Type:MINE Time:2014-01-20 09:51:36
