NZOG, partners start drilling south of New Plymouth

New Zealand Oil & Gas and its partners have started drilling the Kohatukai-1 exploration well south-east of New Plymouth.

Drilling started yesterday with the objective of testing the Matapo and Mangahewa sands that deliver gas in the Pohokura, Turangi and Mangahewa fields north-east of the city. The well will be drilled to a depth of more than 3,600 metres and is expected to take two months.

NZOG has a 25 percent stake in the permit, as does its parent company Ofer Global Group. Operator AWE owns 12.5 percent, with the balance held by its parent company, Mitsui E&P Australia.

(BusinessDesk)

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GTK - Half-Year Results Investor Briefing Details
AIA - March 2022 Monthly traffic update and April 2022 preview
16th May 2022 Morning Report
SMW - Shareholders Meeting Results
CHI - Offer of unsecured unsubordinated fixed rate bonds closes
PFI - Annual Meeting Presentation and Speeches
The Warehouse Group FY22 Q3 Sales Update
13th May 2022 Morning Report
Vital announces Third Quarter Results
Comvita's resilience despite global supply chain disruption