New Zealand: Kaheru prospect potential eyed

Roc Oil Co. Ltd., Sydney, heads a group that plans to bring the Kaheru prospect on PEP 52181 just off New Zealand’s North Island to the drilling phase.

By OGJ editors
HOUSTON, Dec. 15
– Roc Oil Co. Ltd., Sydney, heads a group that plans to bring the Kaheru prospect on PEP 52181 just off New Zealand’s North Island to the drilling phase.

The permit covers 42,379 acres in the main Taranaki basin oil and gas discovery fairway. TAG Oil Ltd., Vancouver, BC, has joined the joint venture with 20% interest in the permit.

PEP 52181, 8 km offshore, contains Kaheru and numerous leads and has extensive 2D and 3D seismic coverage. Kaheru is a Miocene-aged prospect on the same thrust belt play fairway as many significant Taranaki oil and gas fields. It is just east of Kupe gas-condensate field.

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