Seismic work to start in New Zealand's Great South basin

Rick Wilkinson
OGJ Correspondent

MELBOURNE, Dec. 3 -- Consortia led by ExxonMobil Corp. and OMV AG are about to begin a new wave of exploration in New Zealand's Great South basin off the southern South Island. Water in the storm-tossed Great South basin is more than 900 m deep.

ExxonMobil and its partner Todd Energy will take delivery of WesternGeco's Western Trident seismic vessel the week of Nov. 26 to begin shooting 960 km of 2D and 1,340 sq km of 3D surveys on PEP 50117. This initial phase of a 27-month exploration campaign on the permit should be completed by February 2008.

ExxonMobil also will reprocess some 1,200 km of existing seismic and complete a range of geological and geophysical studies to determine the oil and gas potential of the virtually virgin acreage.

The initial phase is expected to cost as much as $37 million. If successful, it could lead to a drilling program in 2009-10.

ExxonMobil holds 90% interest in the permit, and Todd holds 10%.

OMV is operator on three new permits—PEPs 50119, 50120, and 50121—with a 36% interest. Other interest holders are Misui Exploration of Japan 36% and PTTEP Offshore Investment Co. of Thailand 28%.

The Discoverer 2 seismic vessel is to begin work for OMV this month. Preparatory work suggests the potential for structures capable of holding many tcf of gas and more than 100 million bbl of oil, OMV said.

Hunt Petroleum attempted to explore the region during 1976-84 and found hydrocarbons in four of eight wildcats, but nothing of commercial size at that time.

Related Articles

ExxonMobil outlines 2014 production plans

03/05/2014

ExxonMobil Corp. said it expects to start production at 10 major projects this year, adding 300,000 net boe/d of net capacity.

ExxonMobil starts production from Damar gas field offshore Malaysia

02/14/2014 ExxonMobil Exploration & Production Malaysia Inc. reported the startup of natural gas production from Damar field, which lies in 55 m of water ...

ExxonMobil expands Permian acreage, enters Utica agreement

02/03/2014 XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to fund development to gain operating equity in 34,000 gross acres in the liquids-ric...

Old onshore concession ends in Abu Dhabi

01/22/2014 Abu Dhabi National Oil Co. (ADNOC) has become the sole shareholder of Abu Dhabi Co. for Onshore Oil Operations (ADCO) after the expiration this mon...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected