New Zealand Energy Corp., Vancouver, BC, will install artificial lift equipment at its sixth oil discovery in the Taranaki basin on New Zealand’s North Island.
Now shut-in pending pump installation, the Arakamu-2 well on the northeastern part of the Eltham permit southwest of Waihapa/Ngaere field has recovered 407 bbl of 42° gravity oil since testing began in mid-March.
The company swab-tested two intervals for a total of 13 days. The well demonstrated strong inflow of oil, gas, and water with oil cut increasing, averaging more than 20% over the last 3 days of swab testing.
The well went to 2,380 m measured depth, 1,870 m true vertical depth, and found 18 m of net pay in the two Miocene Mount Messenger intervals.