Todd Plans Te Kiri-2 Well in Onshore West Taranaki Permit

Todd Energy is planning to drill an onshore well, Te Kiri-2, in its PEP 38749 permit west of Mt. Taranaki, according to New Zealandís Crown Minerals agency.

Ken Hoolihan, exploration manager with Todd Energy, said that a large structure had been identified with objectives in the Moki Formation and Kapuni Group sands. He said that Te Kiri-2 is estimated to spud in September using the Parker 246 rig. The well site is located more than 10 kilometers north of the coastal town of Opunake, inland from the Maui gas fieldís onshore production station at Oaonui. Todd last year acquired a 90-square-kilometer 3D seismic survey over the area.

The well follows up the Te Kiri-1 well drilled by Petrocorp in 1986, drilled to a depth of 4,700 meters. Interpretation work done recently by Todd Energy shows that the earlier well had been drilled outside the closure, Hoolihan said.

The Te Kiri-2 well would be 2 kilometers to the southwest and up dip of the earlier well. It would drill to approximately 4,000 meters, targeting both the Moki and Kapuni sands.

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