Project Profile
Value: Undisclosed
Location: Taranaki Basin
Area: 210.8 km2
Start-up Year: -
PEP 51153 lies in the eastern central part of the Taranaki Basin. The permit covers an area of 210.8 km2 and was granted to the Joint Venture Consortium on 23 September 2008 for a term of five years. In October 2009, Kea Exploration acquired two exploration permits, namely PEP 51153 and PEP 51155, in the onshore Taranaki Basin by way of an assignment from the Joint Venture Consortium. The Puka structure lies above and adjacent to the Waihapa oilfield and about five kilometres east of a recent Mount Messenger discovery which is to flow at 1200 barrels oil per day from a similar depth. The Puka-1 well is expected to take about two weeks to reach total depth and, if successful, testing operations could take place during the second quarter of the year. There have been six wells and 600 kilometres of 2D seismic data acquired in the permit by previous operators of the area covered by PEP 51153. The most promising well was Wingrove-1 which tested 50 bopd of waxy oil, limited by poor completion. The well recorded very good oil shows in the Kiore, Urenui and Mount Messenger sands.
Operators:
Caliera Fund Limited: Operator with 70% interest (bought by Kea Petroleum on June 2015)
MEO Australia Limited: 30% interest
Contractors:
Drill Force New Zealand Ltd: Contract to enable the drilling of Puka-3 using Drill Force\'s Rig-6