Exploration & Production | Drilling / Well Results | Top Story
TAG Touts 2,700 BOE/d Flow at Taranaki Sidewinder Fields
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TAG Oil Ltd. has reported that with the completion of the Company's Taranaki Basin production facility expansion and associated pipeline, all but six wells capable of commercial production have now been tied into the facility and optimized for long-term production.
With all production facilities (100% owned and operated by TAG) now in place, the Company is able to rapidly commercialize any new discoveries and leverage its strong Taranaki-region operational position. This includes maximizing TAG Oil's position as a completely independent processor, transporter, and marketer of the oil and gas the Company discovers, extracts and produces.
TAG's current production — entirely from the shallow Miocene section within the Cheal and Sidewinder fields — varies between 2,500 to 3,000 barrels of oil…
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