Austral Pacific Reports Taranaki Dry Hole

Taranaki Basin
(Click to Enlarge)
Austral Pacific Energy Ltd. said that the exploration well Ratanui-1 reached a total depth of 2120 meters (6955 feet) on Tuesday of this week. Wireline logging of the well was completed the following day.

The target Mt Messenger and Upper Moki Formation sands were intersected over several intervals in the well. However, wireline log interpretation and associated seismic mapping do not indicate economic hydrocarbons. As a result, Ratanui-1 will be plugged and abandoned.

The remaining potential in the permit centers around the deeper Kapuni Group and in particular on the mapped Waitoriki deep gas prospect.

Austral Pacific Energy Ltd. holds a 55% interest in PEP 38741; TAG Oil holds the remaining 45% interest in the permit.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Drill Rig Operator
Expertise: Driller
Location: Harvey, LA
Field Service Rep. III - Drilling Fluids
Expertise: Driller
Location: Zanesville, OH
Senior Field Engineer - Cased Hole
Expertise: Casing
Location: New Iberia, LA
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours