Page 40 - Oil&Gas-AustralAsia-2015-Issue-3
P. 40
N EW ZEALAND
New well Te Wiriki-1
ByMarieRYAN progressing to spud date
Mosman Oil and Gas onshore drilling the Crestal-2 well at Petrole-
um Creek Greymouth, New Zealand. Image courtesy of Mosman Oil
and Gas Limited.
New Zealand and Australian focused oil and source within the Murchison Ba- as validate the tight gas potential of
exploration and development company sin,” Mosman said in an announcement. the Murchison Permit as a secondary
Mosman Oil and Gas announced it was “The landowner has approved the well objective.
is progressing with its exploration plans location in a flat grazing paddock close The company’s estimated well cost,
to drill the company’s 100 per cent to the road and the well is planned as a based on a vertical well, is less than
owned onshore Murchison Permit (PEP vertical exploration well with an initial US$1 million, which includes utilizing
57068) located in the South Island of target depth of 1,200m, but will be the Mosman inventory of casing and
New Zealand. designed to drill deeper if appropriate. materials and existing technical con-
Mosman said it had completed site The objective of the well is to determine sultants, to reduce costs.
visits as a follow up to the company’s the presence of hydrocarbons, stratig- Mosman Chairman of, John W Barr
April field trip, meeting with relevant raphy, seal and reservoir potential of said the Te Wikiri-1 exploration well
parties to advance formal negotiations the formations within the Te Wiriki is now a priority following completion
and contracts with local land owners Anticline.” of a review by the company’s technical
and authorities in regard to land access An independent technical report by team and given, amongst other factors,
contracts and regulatory consents in SRK completed early this year estimat- the existence of an oil and gas discovery
order to drill. ed the conventional prospective oil at Blackwater-1 as well as oil seeps on
The company confirmed it had select- resources at the Te Wiriki Anticline to the permit.
ed a preferred drilling location, and hold as much as 1.13 million barrels. “We are excited about the opportunity
obtained New Zealand Petroleum and The SRK Report also identified tight gas to finalize planning for the drilling of
Minerals approval to name the well, Te and oil prospective gross resources of the oil prospect on the Te Wiriki Anti-
Wiriki-1. up to 13,695 Bcf and 164 million barrels cline, that will also allow us to confirm
“The initial target of the Te Wiriki-1 respectively. the significant tight gas and condensate
well is the Brunner Sandstone and Coal Mosman said the Te Wiriki-1 well will potential identified on the permit,” Mr
Measures which are a proven reservoir test the conventional target as well Barr said. §
A A38 OIL & GAS ustral SIA JULY/AUGUST 2015 www.oilandgasaustralasia.com
New well Te Wiriki-1
ByMarieRYAN progressing to spud date
Mosman Oil and Gas onshore drilling the Crestal-2 well at Petrole-
um Creek Greymouth, New Zealand. Image courtesy of Mosman Oil
and Gas Limited.
New Zealand and Australian focused oil and source within the Murchison Ba- as validate the tight gas potential of
exploration and development company sin,” Mosman said in an announcement. the Murchison Permit as a secondary
Mosman Oil and Gas announced it was “The landowner has approved the well objective.
is progressing with its exploration plans location in a flat grazing paddock close The company’s estimated well cost,
to drill the company’s 100 per cent to the road and the well is planned as a based on a vertical well, is less than
owned onshore Murchison Permit (PEP vertical exploration well with an initial US$1 million, which includes utilizing
57068) located in the South Island of target depth of 1,200m, but will be the Mosman inventory of casing and
New Zealand. designed to drill deeper if appropriate. materials and existing technical con-
Mosman said it had completed site The objective of the well is to determine sultants, to reduce costs.
visits as a follow up to the company’s the presence of hydrocarbons, stratig- Mosman Chairman of, John W Barr
April field trip, meeting with relevant raphy, seal and reservoir potential of said the Te Wikiri-1 exploration well
parties to advance formal negotiations the formations within the Te Wiriki is now a priority following completion
and contracts with local land owners Anticline.” of a review by the company’s technical
and authorities in regard to land access An independent technical report by team and given, amongst other factors,
contracts and regulatory consents in SRK completed early this year estimat- the existence of an oil and gas discovery
order to drill. ed the conventional prospective oil at Blackwater-1 as well as oil seeps on
The company confirmed it had select- resources at the Te Wiriki Anticline to the permit.
ed a preferred drilling location, and hold as much as 1.13 million barrels. “We are excited about the opportunity
obtained New Zealand Petroleum and The SRK Report also identified tight gas to finalize planning for the drilling of
Minerals approval to name the well, Te and oil prospective gross resources of the oil prospect on the Te Wiriki Anti-
Wiriki-1. up to 13,695 Bcf and 164 million barrels cline, that will also allow us to confirm
“The initial target of the Te Wiriki-1 respectively. the significant tight gas and condensate
well is the Brunner Sandstone and Coal Mosman said the Te Wiriki-1 well will potential identified on the permit,” Mr
Measures which are a proven reservoir test the conventional target as well Barr said. §
A A38 OIL & GAS ustral SIA JULY/AUGUST 2015 www.oilandgasaustralasia.com
