Exploration & Production | Deals - Joint Ventures | Top Story
NZEC Details 'Transformative' Acquisition, Taranaki Development Plans
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New Zealand Energy Corp. has reported an update regarding its plans to develop its oil and gas assets in the Taranaki Basin of New Zealand's North Island.
These include plans for the Tariki, Waihapa and Ngaere petroleum mining licenses (the TWN Licenses), the Waihapa Production Station and associated pipelines and infrastructure.
Highlights: Completion of independent study into Mt. Messenger discoveries provides valuable insight for future exploitation strategy TWN acquisition closing proceeding Extensive post TWN acquisition work program comprising reactivation and re-completion of existing wells in addition to up to eight new wells including four targeting deeper high impact targets. Forecast production of 2,300 barrels oil equivalent per day (boe/d) exit 2014 (net to NZEC, 81%…Finish this article — free account or subscription
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