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TAG Oil Recompleting Wells to Boost Output; Begins EOR Project

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TAG Oil Recompleting Wells to Boost Output; Begins EOR Project

TAG Oil updated its latest operations in the Taranaki Basin of New Zealand.

Sidewinder Production (100% TAG)

A low-cost recompletion to an existing wellbore at Sidewinder demonstrated the potential of a previously unproduced oil leg following testing. Since August 18, 2016, when equipment was installed allowing for 24-hour oil production, the well has been on stabilized flow at an average of approximately 180 B/d. One additional well at Sidewinder and several gas wells at Cheal are now being reviewed as candidates for recompletions as oil producers. It is anticipated that the Sidewinder-2 well recompletion and perforation operations will add an additional 100 b/d of production.

Cheal Production (100% TAG)

TAG currently has approximately 1,200 BOE/d of production, which excludes potential…

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