Friday 7th January 2011
|Text too small?|
Drilling ship Noble Discoverer is on its from Singapore to drill a well alongside the Maui gas field in Taranaki, in a project expected to cost more than $50 million.
The ship is expected off Taranaki by the end of January to drill at a prospect called Ruru about 40km off the south Taranaki coast.
Most of the cost of the well is to be met by Shell, which holds more than 80 percent of the exploration licence, while Austrian company OMV holds 10 percent and Todd Energy has 6.25 percent.
Shell's NZ chairman Rob Jager told the Taranaki Daily News the company was "pretty excited" about the prospect.
Its geological structure looked similar to Maui, and drillers would target the same geological zone, known as the Kapuni Formation, that is the source of the Maui gas.
Noble Discoverer will drill to a depth of 4000 metres in an operation expected to take up to two months, weather permitting.
It is the first true exploration well to be drilled by Shell in this country in 12 years, but in recent times the company has spent millions of dollars re-drilling wells on the Maui-A and Maui-B production platforms in an effort to extend the life of the veteran gasfield.
No comments yet
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report