New Zealand Energy swabs oil at Taranaki discovery

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.

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