New Zealand Energy gauges Taranaki basin discovery

New Zealand Energy Corp. will watch oil production at its Waitapu-2 discovery well in New Zealand’s Taranaki basin before deciding whether to continue trucking oil or laying a 1.3-km pipeline.

Waitapu-2, the company’s fifth oil discovery in the basin, has recovered 1,880 bbl of oil from the Miocene Mount Messenger formation and is flowing 325 b/d of 40° gravity oil and 800 Mcfd of gas on a 24/64-in. choke. It went to 2,085 m measured depth and encountered 6.2 m of net pay.

NZE is trucking the sweet crude 45 km north to the Shell-operated Omata tank farm, where it is sold at Brent pricing.

The company said Waitapu-2 is flowing from natural reservoir pressure, as its Copper Moki wells did, further confirming the geological model, whereas most Mount Messenger wells require artificial lift almost immediately.

NZE continues to refine the geological model based on drilling success to date and interpretation of the recently completed 3D seismic survey. The company said it has many prospects to drill that it believes are similar to the Copper Moki and Waitapu discoveries.

The company’s Waitapu-1 well had permeability and porosity that did not yield economic production. It was completed across a 30-m gross interval in the Mount Messenger.

NZEC has reached target depth of 2,380 m MD and is preparing to run casing at Arakamu-2, third well in its current eight-well program. It cut 8.1 m of net pay in two potentially productive Mount Messenger zones. Following completion of Arakamu-2, NZE will spud Arakamu-1A, which targets the deeper Moki formation.

Related Articles

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

08/26/2014 Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled...

New Keystone dawdling

08/25/2014 New dawdling over the Keystone XL pipeline border crossing fails the US in so many ways that identifying the worst way should be difficult. But it'...

Mancharee-1 well doesn’t find significant pay offshore Thailand

08/25/2014 KrisEnergy Ltd., Singapore, reported it has concluded drilling an exploration well on Block G10/48 in the Gulf of Thailand, where the company is de...

Santos group makes gas-condensate find near Ichthys field offshore W. Australia

08/25/2014 A group led by Santos Ltd. has made a gas and condensate discovery in the Lasseter-1/ST1 well drilled in the Browse basin offshore Western Australia.

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