Todd details 2003 Karewa gas find in Taranaki offshore

March 11, 2004
An early 2003 offshore gas discovery in the northern Taranaki graben has the potential to recover 60-150 bcf of gas, said Todd Petroleum Mining Co. Ltd., Wellington, NZ.

By OGJ editors
HOUSTON, Mar. 11 -- An early 2003 offshore gas discovery in the northern Taranaki graben has the potential to recover 60-150 bcf of gas, said Todd Petroleum Mining Co. Ltd., Wellington, NZ.

The Karewa-1 exploration well, on PEP 38602 some 30 miles west of Kawhia, is productive from Eocene Mangaa sands, the company said (see map, OGJ, Oct. 13, 2003, p. 42).

A petroleum prospecting license awarded to Todd in February just south of PEP 38602 has similar prospects. Todd plans to begin seismic surveys in April and expects further drilling in 2005-06.