Project Profile
Location: Southwest Taranaki, New Zealand
Area: 16,455 onshore acres
Start-up Year: February 2009
The Manaia Field lies within a large underexplored part of southwest Taranaki, immediately adjacent the large Kapuni gas-condensate field and contiguous with the south end of NZEC’s Eltham Permit. With the Kapuni field and numerous oil fields to the east and a number of large oil and gas fields offshore to the west, there is a high level of assurance that petroleum is actively migrating through this block, yet there has been very little exploration in the area. Exploration wells in adjoining areas, including the Kapuni wells to the east and the Te Kiri wells to the northwest, provide important technical information as does 90 km of 2D seismic collected on the property. In addition, the Kapuni 3D seismic survey extends 1,750 metres onto the permit from the east, providing valuable control on the eastern edge of the property. Manaia has good access to existing infrastructure, including oil and gas gathering lines and a production station.
NZEC and NZOG had identified stratigraphic/fault-trap leads in the Urenui, Mt. Messenger and Moki formations on the property. With 14 wells producing from the Kapuni anticline less than 5 km east of the property, additional potential may exist in the deeper Kapuni formation. The partners’ first priority is to advance the property with continued reprocessing and interpretation of existing data and the acquisition of new 2D and 3D seismic data.
Operators:
OMV: Operator with 69% interest
Horizon Oil: 26% interest
Cue Energy: 5% interest