New Zealand Oil and gas
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News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

Archive: 20/01/2014

Matuku-1 News Release 20 Jan 14

Posted on 20 January 2014

In PEP 51906, Matuku reaches total depth and new seismic completed. Total depth of 4846 metres was reached on Saturday, 18 January in the Matuku well in PEP 51906 offshore Taranaki. The next operation is pulling out of the hole prior to running wireline logs. The Kan Tan IV began drilling operations on Saturday, 30 November. Matuku-1 is in 130 meters of water.

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Matuku-1 progress report 14 Jan 2014

Posted on 20 January 2014

Since the weekly progress report was issued yesterday, the Matuku-1 well in PEP 51906 offshore Taranaki has drilled into the Kapuni Group Farewell F Sands at 3935 metres. The F sands were found to be porous, but there were no significant gas or oil shows.

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Matuku-1 update 16 Jan 14

Posted on 20 January 2014

New Zealand Oil & Gas believes its share price has been affected by the previously released news that the primary target zone in the Matuku well in PEP 51906 offshore Taranaki has not encountered significant oil or gas shows. The well is currently at a depth of 4307 metres and drilling ahead to a total depth of 4750 metres.

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