Share
NZO
22/04/2014 12:01
MINE
REL: 1201 HRS New Zealand Oil and Gas Limited
MINE: NZO: Pateke-4H drilling update
At 6.00 this morning (NZST) the Pateke-4H well, offshore Taranaki, New
Zealand, was at a measured depth of 3,863 metres and drilling ahead at around
10 metres/hour with an 8 1/2 inch drilling assembly after successfully
side-tracking from the 9 5/8 inch casing at 3,587 metres, the operator has
advised.
The operator expects to reach the top of the reservoir and begin drilling
into new reservoir tomorrow.
Drilling will continue through the F10 reservoir section to a planned total
measured depth of 5,381 metres, following which a 6 5/8 inch production liner
will be installed.
The Kapuni F10 sandstone objective has already been intersected as expected
with oil shows and real time logging measurements indicating the likely
presence of an oil bearing reservoir. The commercial significance of the oil
shows will not be clear until the horizontal drilling is completed and the
reservoir size and quality is fully assessed.
Pateke-4H is targeting a mapped northern extension of the currently producing
Pateke field. If successful, the well will be completed for subsequent
tie-back to the Tui FPSO ("Umuroa") for production in 2015.
New Zealand Oil & Gas has a 27.5 per cent interest in Tui.
The other Tui joint venture partners are:
AWE Limited (via subsidiaries) (Operator) 57.5%
Pan Pacific Petroleum (via subsidiaries) 15.0%
John Pagani
External Relations Manager
+64 21 570 872
End CA:00249668 For:NZO Type:MINE Time:2014-04-22 12:02:00
