Pogo to Begin Taranaki Seismic Work in January

Pogo Producing Company is to begin an approximately 1100 sq km 3D seismic acquisition program in its three offshore north Taranaki permits early in January.

Pogo's senior vice president and regional manager for Asia and the Pacific, Gerry Morton said the seismic ship Veritas Viking II is scheduled to arrive in New Plymouth about January 5 for a three month program of work for Pogo.

The 3D seismic acquisition program will cover more than a quarter of the 4220 sq km total area of the three 100%-owned Pogo permits: PEP 38490; PEP 38489; and, PEP 38488.

Mr Morton said the duration of the surveys would be heavily dependent on the weather.

The Veritas Viking II is scheduled to arrive in New Plymouth about 5 January from Malaysia and begin data acquisition about January 8. The boat will be crewed by Kiwis, as will the accompanying support vessel.

He believed the ship is one of the newest seismic vessels to acquire data in New Zealand and will be utilizing state of the art acquisition equipment.

Houston-based Pogo Producing has interests in 78 blocks in mainly shallow areas of the Gulf of Mexico as well as substantial interests in onshore US, offshore Thailand, Hungary and offshore Denmark offshore.

The company, which is listed on the New York Stock Exchange, had revenues of US$1.1 billion and net income of US$291 million in the 2003 calendar year, based on an output of 52,000 barrels of oil a day and 279 million cubic feet of gas a day.

In another Taranaki seismic operation, Shell Todd Oil Services has just completed on offshore-onshore survey searching for hydrocarbons along the coast to the east of New Plymouth between Bell Block and Waitara.

The survey, know as the Terrace 2D survey, was targeted in PEP 38459, to the west of the new Pohokura mining permit PEP 38154, and was conducted on behalf of the Pohokura joint venture (Shell, Todd and OMV). Acquisition began on December 2 and was completed a week before Christmas.

The survey consisted of approximately 40 line kilometers, distributed over 4–6 lines covering both on and offshore areas along the coastal strip, conducted by Western Geco crew 1150 as one integrated project using an airgun array from small boats offshore and vibroseis trucks onshore.