Exploration & Production | Drilling / Well Results | Key Wells
East West Reports Update on Taranaki Basin Wells
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East West Petroleum Corp. has reported update on its operations. The Company's joint venture partner, TAG Oil Ltd., is the operator of all licenses in New Zealand, while in Romania, Naftna Industrija Srbije (NIS) is the operator of all four blocks.
PEP 54877: Cheal North East Permit (30% EW)Since first production in November 2013, the Cheal E-site has produced approximately 90,000 barrels of oil with three wells currently producing at a stabilized combined rate of approximately 650 b/d of oil (195 b/d net) plus solution gas. Currently Cheal-E1 and Cheal-E4 continue to flow naturally while Cheal-E5 is producing utilizing hot water jet-pump facilities built at E-site.
The remaining two wells at the Cheal E-site are continuing to undergo review and testing. Cheal-E2 has been shut-in to…
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