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OMV Spuds Manaia-2 Well in PMP 38160 off New Zealand

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Horizon Oil announced Monday that the Manaia-2 exploration/appraisal well in Petroleum Mining Permit (PMP) 38160, offshore New Zealand, was spud at 1930 hours local time Sept. 1.

The well is being operated by OMV New Zealand Ltd and drilled with the Kan Tan IV (mid-water semisub). Manaia-2 is the first well of a one year, multi-well drilling campaign to be drilled in New Zealand waters with the Kan Tan IV. In early 2014, the rig will return to PEP 51313 to drill the OMV-operated Whio-1 well approximately 2.49 miles (4 kilometers) from Maari field. Horizon Oil has a 21 percent interest in PEP 51313.

Manaia-2 is located 0.75 miles (1.2 kilometers) north of Maui-4 and about 3.72 miles (6 kilometers) to the southwest of the Maari wellhead platform. The well has a planned total depth of 9,382 feet (2,860 meters) and drilling is expected to take 30 days.

With reference to the schematic cross-section below, the objective of the well is to evaluate the undeveloped Moki formation and F-sand reservoirs in a crestal position up-dip of the Maui-4 well. The well will also appraise the producing Mangahewa formation reservoir in preparation for further development of this zone.

Participating interests in PMP 38160 are as follows:-

  • Horizon Oil International Ltd : 10 percent
  • Cue Taranaki Pty Ltd : 5 percent
  • Todd Maari Ltd : 16 percent
  • OMV New Zealand Ltd : 69 percent (Operator)

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