OMV Completes Drilling at Whio-1 Well in NZ's PEP 51313, No Commercial Find

OMV New Zealand Ltd announced Tuesday the completion of drilling operations on the Whio-1 exploration well located in permit PEP 51313 in the Taranaki Basin, offshore New Zealand.

The well, which was spud July 23, has been drilled to a total depth of 9,265 feet (2,824 meters) into the Paleocene Farewell Formation.

The well did encounter sandstones in the primary targets (M2A Sandstone and Mangahewa Formation) as expected but could not confirm the presence of commercial hydrocarbons.

The well is being plugged and abandoned before the rig prepares to move off location and is then handed over to STOS for its drilling campaign.

Whio-1 was the third well drilled by OMV New Zealand with the Kan Tan IV (mid-water semisubmersible) as part of its 2013/2014 exploration campaign.

“OMV has safely and reliably delivered on a comprehensive exploration drilling program and tested geological assumptions and concepts in search of new resources. Although unsuccessful in making a commercial discovery at Whio-1, the data obtained is a valuable piece of the puzzle as we work to understand the generation and accumulation of hydrocarbons in the Taranaki Basin,” says OMV New Zealand Ltd Managing Director Peter Zeilinger.

“While this well marks the end of our current operated exploration campaign, OMV will be involved in drilling the next two wells on the Kan Tan IV with STOS as operator, and our Maari Development program using the Ensco 107 (400' ILC) will continue into 2015.”


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