Kea Petroleum Inks Deal for Drilling of Puka-3 Well in PEP 51153 in NZ

MEO Australia Limited, on behalf of its wholly owned subsidiary MEO New Zealand Pty Limited, announced Wednesday that Kea Petroleum Limited, the Operator of PEP 51153 in New Zealand's onshore Taranaki Basin has executed a contract with Drill Force New Zealand Ltd for the drilling of Puka-3.

Puka-3 is targeting Mt Messenger formation sands at about 5,183 feet (1,580 meters) True Vertical Depth that have been interpreted from the recent 19.3 square miles (50 square kilometers) 3D seismic survey carried out in the south western part of PEP 51153. MEO has recently completed reprocessing of this survey to optimise the target location.

Preparations for Puka-3 are advanced with the well expected to spud in late July. Puka-3 will be drilled from the same well pad as the producing Puka-1 and Puka-2 wells. MEO will become entitled to a 30 percent share of Puka oil production upon completion of Puka 3.

MEO’s CEO and MD Jurgen Hendrich commented on the announcement:

“We are very pleased that the Operator has secured a suitable drilling rig and look forward to the successful drilling of the Puka-3 well.”


Click on the button below to add a comment.
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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
Roustabout Thereafter Job
Expertise: Roustabout
Location: Silverthorne, CO
Tool Tech
Expertise: Maintenance Technician|Mechanic|Rig Mechanic
Location: New Iberia, LA
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours