NZOG drops Kaheru permit off Taranaki

New Zealand Oil & Gas has informed that the joint venture in PEP 52181 (Kaheru), offshore South Taranaki, has submitted an application to surrender the permit.

New Zealand Oil & Gas, the operator, announced in February that economic conditions could not support drilling the prospect before the commitment date of May 2016.

Therefore, after exploring options to defer or amend work obligations, the joint venture has submitted to the regulator an application to surrender the permit.

The permit is held by New Zealand Oil & Gas which holds 35% interest, TAG Oil with 40%, and Beach Energy with 25% interest.

The Kaheru prospect lies in 25 metres of water, about 12 kilometres offshore from the Patea River mouth in South Taranaki.

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply