Exploration & Production | Drilling / Well Results | Discoveries | Top Story
NZEC Hits Sixth Oil Discovery Onshore New Zealand
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New Zealand Energy Corp. (NZEC) has made its sixth oil discovery in the Taranaki Basin of New Zealand's North Island.
NZEC commenced testing the Arakamu-2 well in mid-March and swab tested two intervals for a total of 13 days. The well demonstrated strong inflow of oil, gas and water with the oil cut increasing, averaging more than 20% over the last three days of swab testing. The well has produced a total of 407 barrels of 42° API oil to date. As a result of the well producing both oil and water artificial lift is required, and the well is currently shut in pending installation of artificial lift.
The Arakamu-2 well was drilled to a measured depth of 2,380 metres (1,870 metres true vertical depth) and encountered approximately 18 metres of net pay over two separate intervals in the Mt…
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