Project Profile
Value: Undisclosed
Location: 100 km north of the existing Petroleum Creek permit, New Zealand
Reserves: Unknown
Production: Unknown
Area: 517 sq. km
Depth: Unknown
Start-up Year: 01/01/2016
The Murchison Exploration Permit coverins some 517 sq. km this permit is approximately 100 km north of the existing Petroleum Creek permit. The Murchison area includes the Blackwater-1 well drilled in 1968 where oil and gas was discovered. In 1970, Bounty Oil Co Ltd drilled a well and in 1985 Petrocorp Limited drilled the Matiri-1 well and found hydrocarbons. There has been no further drilling since the oil price collapse in 1986. Mosman believes this area has both exploration and appraisal potential based on the existing discoveries. Planned activities in the first two years include the acquisition of regional gravity and magnetic surveys, and a full geotechnical assessment. This will be followed by 10 km of new seismic as well as collation and review of existing data, and source rock analysis to enable development of a detailed geological model. Drilling will follow, likely in 2016. Mosman is the operator of the project with a 100% interest.
Operators:
Mosman oil and gas: Operator with 100% interest
Contractors:
Subcontractors: