Drilling and optimization work has resumed in Taranaki

Blog_Image 3There hasn’t been much blog news from the field lately, sometimes geology and science can be quiet, solitary stuff. But we’re pleased to report that as of October 2014 TAG achieved record monthly production of 1,990 BOE (76% oil) per day. 

And now with the Nova-1 drill rig back in Taranaki we’ve resumed the next wave of development, appraisal, step-out drilling, and field optimization work in our Taranaki oil and gas fields.

We’re kicking off this portion of TAG Oil’s Taranaki drilling campaign with the Cheal-E-JV-6 and the Cheal-E7 wells, acreage that we believe is prospective for high productivity wells. The strong production performance of Cheal-E1, Cheal-E4, and Cheal-E5 makes further development of the Cheal-E site particularly compelling.

 When finished, the Nova-1 drill rig will move to our Sidewinder oil and gas field to target the oil potential identified from oil shows encountered in TAG’s six Sidewinder gas wells. This acreage borders the Ngatoro/ Kaimiro field, which has been producing for 31 years, and still has millions of BOE’s of recoverable reserves remaining. 

Cardiff-3 Deep Uphole Completion Update

After further technical analysis of Cardiff-3’s lower K3E zone (which returned gas and condensate but at uneconomic rates), TAG is now in the planning stages to production test the primary uphole zones, the McKee and K1A Formations. These are both producing formations in large fields along trend to the Cardiff prospect.

 

 


Near-term anticipated schedule for Taranaki operations

Permit Number 

Well Name 

TAG Working Interest

Date

PEP 54877

Cheal-E-JV-6 development

70%

Nov 2014

PMP 38156

Cheal-E7 appraisal

100%

Dec 2014

PEP 54877

Recomplete Cheal-E-JV-2

70%

Jan  2015

PMP 38156

Build Cheal E to A pipeline

100%

Feb 2015

PMP 38156

Cardiff-3 uphole test

100%

Mar 2015

PEP 55769

Sidewinder-B1

100%

Apr 2015

PEP 55769

Sidewinder-B2

100%

May 2015