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TAG Comes Up Empty at Supplejack Well; Updates Cheal Ops
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TAG Oil updated its operations in the Taranaki Basin of New Zealand.
Net production to TAG from its Cheal and Sidewinder fields has recently averaged approximately 1,300 boe/d (~80% oil) over February 2017.
PEP 57065 (Waitoriki, 100% TAG)Drilling operations have been completed at the Supplejack-A2X exploration commitment well having reached the planned TD of 1,740 m. Well logs indicated the presence of well-developed reservoir sands; however, the sands were found to be water wet and the decision has been made to plug and abandon the well. The well was targeting a potential extension of the Supplejack field, which was successfully tested late last year to flow gas at rates of up to 7.2 mmscf/d from the Mt. Messenger Formation.
All current drilling commitments on the Waitoriki permit have…
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