Hector-1 to be Abandoned
New Zealand Oil & Gas Limited says that the Hector-1 well has reached its total measured depth of 3,825 meters. The well did not encounter any significant hydrocarbon shows. Wireline logs are currently being run to further evaluate the reservoir intervals, after which the well will be plugged and abandoned.
Hector-1 was the first of two exploration wells to be drilled by NZOG in the offshore Taranaki basin this year. After Hector-1, the Taranui-1 well will be drilled.
Participants in the well are New Zealand Oil & Gas Ltd (through its subsidiary Stewart Petroleum Co. Ltd) with 18.9%; Australian Worldwide Exploration Limited as operator with 44.3%; Mitsui E & P New Zealand Ltd with 22.7% and Pan Pacific Petroleum NL (through its subsidiary WM Petroleum Ltd) with 14.1%.
- NZOG Submits Application to Exit Kaheru PEP 52181 (Mar 23)
- New Zealand Pushes Ahead to Grow Upstream Sector, Reap Economic Gains (Aug 28)
- Australia's AWE, PPP, NZOG To Drill 2nd Oil Well Off NZ Coast (Jun 10)
Company: Australian Worldwide Exploration (AWE) more info
- Waitsia Gas Project Exceeds Pre-Production Expectations (Dec 22)
- Waitsia JV Approves 2017 Development Activities Budget (Dec 09)
- AWE Commences Gas Sales from Stage 1 of Waitsia Gas Project in Perth Basin (Aug 29)