Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

OMV Completes Kiwi Appraisal Well

change text size

Austria's OMV reported Monday that it has completed its Manaia-2A appraisal well offshore New Zealand. The well is located within the Maari field, which is located some 50 miles off the coast of South Taranaki.

OMV said the well, drilled to a depth of 9,485 feet, reached its target in the North Cape Formation and intersected oil-bearing sands in the Moki and Mangahewa formation, although it failed to discover hydrocarbons in the exploration target of the Farewell formation.

OMV New Zealand Managing Director Peter Zellinger commented in a company statement:

"While the Mangahewa formation is already developed and producing from the Manaia-1 well, finding oil bearing sands in the Moki formation to that extent was a bit unexpected."

"Oil and water samples together with sidewall cores have been obtained from the Moki formation and will now be interpreted to evaluate the potential and further work required."

OMV New Zealand is the operator of the license, with a 69-percent interest.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post 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.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  SapuraKencana-Linked Firms Bag $124M T... (Sep 2)
 -  CNOOC Posts 6.8% Rise in Net Productio... (Aug 29)
 -  Ruspetro Plans a Second Horizontal Wel... (Aug 29)
 -  SBI Offshore Negotiates with ME-Chines... (Aug 27)
 -  Shell Makes Gas Find at Marjoram-1 Wel... (Aug 26)
Most Popular Articles
From the Career Center
Jobs that may interest you
Drilling & Completion - Performance Engineer
Expertise: Drilling Engineering, Workover or Completion
Location: Java - Jakarta
 
Directional Driller Supervisor
Expertise: Directional Driller
Location: Youngsville, LA
 
Exploration Manager
Expertise: Geologist
Location: Doha
 
search for more jobs