Westech Energy makes another New Zealand discovery

Dec 06, 2002 01:00 AM

Westech Energy New Zealand revealed that it has made an oil and gas discovery with its onshore Taranaki Surrey-1 well in New Zealand's Block PEP 38734. The company plans to drill an appraisal of the discovery, Surrey-2, right away and to put the Surrey and nearby Windsor wells in Block PEP 38732 on production soon.
The Surrey-1 discovery well was completed as an oil and gas producer from the shallow Miocene-aged Mount Messenger sands. It was drilled to a total depth of 6,349 ft (1,935 meters) and encountered an 82-ft pay zone containing a 36-ft hydrocarbon column near its top. Flowtests indicated 116 bpd of 30 degrees API oil and 1.26 mm cfpd of gas without water production on a 1/4-inch choke and a flowing tubing pressure of 1,240 psi.

Ed Davies, Westech's president, said the company is pleased with the discovery and hopes to repeat its 2000 success, when two of three Windsor wells drilled in the adjoining Block PEP 38732, resulted in commercial gas flows. He added that the Surrey-1 well should be onstream shortly, following the expansion of the perforated interval, and said it was anticipated that the Windsor-1 and -3 gas wells, located eight km north of Surrey, will be produced under the same gas contract.
The Surrey-2 appraisal well is set to be drilled 1.2 km south of the discovery well as soon as permissions are obtained. Westech Energy New Zealand holds a 100 % interest in both Block PEP38732 and PEP38734.

Source: OGI
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