TAG Oil Pipeline Nears Completion in New Zealand

Canada based energy operator TAG Oil announced Thursday that its pipeline construction in the Taranaki region of New Zealand is almost complete.

The pipeline project, which was finished on budget and ahead of schedule according to TAG, connects the Cheal-E development area to TAG’s Cheal-A production infrastructure and cost $3.3 million to construct.

TAG Oil New Zealand Country Manager Max Murray commented in a company statement:

"The new pipeline is an important addition to TAG's overall infrastructure in the Taranaki region. It allows us to significantly reduce operating costs even while generating additional revenues, and it gives us the ability to quickly monetize future oil and gas wells drilled in the Cheal-E development area."

TAG’s new 4 inch pipeline is currently undergoing pre-commissioning and testing. The project is scheduled to move into the commissioning phase over the next few days, after which a well stream of oil, gas and water will be processed through the Cheal-A site.

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