Project Profile
Value: Undisclosed
Location: Offshore Taranaki Basin
Start-up Year: -
Area: 853 km2
The permit is located in the offshore Taranaki Basin of New Zealand. The permit lies between the PEP 51906 and PEP 52593 permits (in which Octanex NZ holds 35% and 100% interests respectively) and is adjacent to the north of the producing Tui oil field. New Zealand Oil & Gas (NZOG) is hoping to acquire 50% interests in the permit, subject to ministerial approval. The permit extends to an area of approximately 853 km² and there have been two wells drilled within it (Takapou-1 and Kopuwai-1), both of which encountered oil shows.
Operators:
New Zealand Oil & Gas (NZOG): Operator with 50% interest
Octanex: 50% interest
Contractors:
Schlumberger: Acquiring the data for seismic survey
WesternGeco: Seismic Survey