Exploration & Production | Well Cost | Seismic | Initial Production Rates
East West Petroleum Exits Morocco, Updates NZ Results
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East West Petroleum Corp. has provided the following update on its operations in New Zealand. TAG Oil Ltd. is the operator and co-owner of all of the Company's licenses in New Zealand.
PEP 54879 (Cheal South), 50% East WestThe Cheal-G1 well on the Cheal South permit has completed its scheduled 11-day flow test. Approximately 1,020 boe (94% oil) was produced during the test. Over the last 5 days of the test, the well averaged 127 boepd (93% oil) of steady production utilizing a jet pump artificial lift system.
The well is now shut in and undergoing temperature and pressure analysis. The joint venture partners are continuing to review the prospectivity of the area accessible from the Cheal G-site to identify further drilling targets.
The oil produced during the test has been comingled and…
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