News listings

energy-pedia exploration

New Zealand flagNew Zealand

Central & SE Asia / Australasia >>> New Zealand

New Zealand: OMV's Tawhaki-1 exploration well disappoints


20 Feb 2020

Photo - see caption

JV partner Beach Energy has provided an update on the Tawhaki-1 exploration well in the Great South Basin, offshore New Zealand.

On 19 February, OMV as operator of the Tawhaki-1 exploration well, advised that the well, being drilled by the COSL Prospector rig, had reached target depth of 2980 m MD. Data obtained during the drilling phase indicated no hydrocarbons were present in the target reservoir. Therefore, a decision has been taken to plug and abandon the well.

Background

On 19 December 2019, Beach announced it had acquired a 30% interest in exploration permit PEP50119 (OMV 52.93% and operator, Beach 30%, Mitsui E&P Australia 17.07%) in the Great South Basin, offshore New Zealand, which contained the undrilled Tawhaki exploration prospect.

Photo - see caption
Map of the Great South and Canterbury basins showing the location of PEP50119 and the Tawhaki prospect relative to the Beach-operated PEP38264 permit and the Wherry and Gondola prospects (Source: Beach Energy)

The PEP50119 exploration permit contains the large Tawhaki prospect and other leads. Tawhaki is a basement drape structural trap with up to 470 km2 under structural closure. The prospect is defined by modern, high-quality 3D seismic data and interpreted to have Cretaceous reservoirs of similar age and quality to the excellent sandstones encountered in Caravel-1, approx. 130 km to the north in PEP38264 (Beach 37.5% and operator).

Original article link

Source: Beach Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 363

Completed Deals

Completed Upstream Deals: 5521

Company Profiles

Current Company Profiles: 2730

Corporate Activity

Current Corporate Activity articles: 3521

Companies Looking

Current number of articles: 442

Company Sales

Current Company Sales articles:1428

Geostudies

Current Geostudies articles: 745

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

OPC
Bayphase
Union Jack Oil 149
Government of South Australia
SLR Consulting logo
Geoespace
energy365
KL Publishing
Rose & Assocs 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com