OMV Spuds Matuku Well (New Zealand)

Octanex N.L. has been advised by the Operator of the Matuku-1 exploration well, OMV New Zealand Limited (OMV), that the well was spudded at a location within the offshore Taranaki Basin permit PEP 51906 at 13:50 hours on Saturday, 30 November 2013.

Spudding of the well was delayed due to the rig having to wait on weather. Matuku-1 is programmed as a vertical well that is being drilled by the Kan Tan IV semi-submersible rig in water depths of approximately 130m. The Kan Tan IV is a mobile offshore drilling unit (MODU) capable of operating in water depths up to 450m and drilling to depths of approximately 7600m. Dependent upon the results while intersecting the zones of interest (as detailed below), Matuku-1 will be drilled to a potential total depth (TD) of approximately 4750m MDRT (measured depth below rotary table). The well is scheduled to take 45 days to drill to TD and then abandon.

Matuku-1 is targeting the hydrocarbon potential of the Kapuni Group Farewell Formation F sandstone reservoir (T10 sands); with sandstones of the Kapuni Group Kaimiro Formation D Sand (T20 sands) and Pakawau Group North Cape Formation (K90) being secondary targets.

The Company’s wholly-owned subsidiary, Octanex NZ Limited, holds a 22.5% participating interest in the PEP 51906 permit and this interest is being free carried by OMV through the drilling of the Matuku-1 well. Weekly reports on drilling progress will be released during the initial drilling phase.

Press Release, December 02, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 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

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

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

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