Tuihu-1A Well to be Plugged and Abandoned

Origin Energy reports that the Tuihu-1A re-entry well, located in onshore Taranaki Basin permit PEP 38718, New Zealand will be plugged and abandoned.

The well intersected some 50m of a predominantly coaly Kapuni sequence, with only relatively low levels of gas, before the drill string became stuck in the hole at 4845m. All attempts to free the drill pipe failed and finally the string was severed at 4304m, leaving a significant section of pipe in the hole.

The Joint Venture decided that hydrocarbons indications in the Kapuni Formation were not sufficiently encouraging to warrant testing or sidetracking.

Participants in the Tuihu-1A well are: Swift Energy New Zealand Limited 50% (Operator); Origin Energy; Resources NZ Limited 20%; New Zealand Oil and Gas Limited 20%; Indo Pacific Energy Limited 10%.