New Zealand: Copper Moki light oil find producing

New Zealand Energy Corp., Vancouver, BC, reported a flowing production rate of 580 b/d of 41.8° gravity oil and 970 scf/bbl of associated gas at Copper Moki-1, its first well in New Zealand’s Taranaki basin.

Alan Petzet

Dec. 13, 2011

Surface facilities will handle as much as 1,000 b/d of oil. The company will install permanent facilities by mid-2012 that can be expanded to handle output from more wells. Produced oil is being trucked to the Shell-operated Omata tank farm 45 km north. NZEC is evaluating options to market its gas.

NZEC plans to spud the Copper Moki-2 delineation well by the end of 2011 from the same pad as Copper Moki-1 to target the Urenui and Mount Messenger formations. It will spud Copper Moki-3 on completion of Copper Moki-2 and will target the Mount Messenger, Urenui, and Moki formations.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.