The Cardiff structure is mapped as a large anticlinal trap within the Kapuni sands, some 12 km long by 3 km wide, adjacent to the Kapuni gas-condensate field.
Austral Pacific chief executive Dave Bennett says that the use of modern techniques to hydraulically fracture gas pay intervals and application of modern drilling technology made it possible that Cardiff-2 could prove-up a substantial gas-condensate reserve. The parties are also in discussion with a funding partner.
He says the Cardiff prospect is the largest of several deep gas targets within Austral Pacific's onshore Taranaki permits. Other targets now defined for drilling include the Onaero North and Waitoriki prospects, while several further targets requiring additional exploratory work before commitment to drilling.
Most Popular Articles