New Zealand-focused Kea Petroleum announced Wednesday that it has been granted an extension to its PEP 51155 permit, located onshore within the Taranaki Basin – the country's only producing basin so far.
The extension increases the area of the permit by approximately 9 percent to approximately 110 square miles. It has been granted to allow Kea to conduction exploration activities over the Hickman lead, which extends beyond the previous block boundary.
Kea said it is currently in advanced planning to acquire 2D seismic data over the Hickman lead. Hickman is a large sub-thrust feature that lies between the current Kea Mauku-1 well, currently being drilling on the PEP 381204 permit to the north and the Mangahewa field to the south – addressing a mean possible recoverable resource of some 173 billion cubic feet of gas and six million barrels of condensate.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you