There hasn’t been much blog news from the field lately, sometimes geology and science can be quiet, solitary stuff. But we’re pleased to report that as of October 2014 TAG achieved record monthly production of 1,990 BOE (76% oil) per day.
And now with the Nova-1 drill rig back in Taranaki we’ve resumed the next wave of development, appraisal, step-out drilling, and field optimization work in our Taranaki oil and gas fields.
We’re kicking off this portion of TAG Oil’s Taranaki drilling campaign with the Cheal-E-JV-6 and the Cheal-E7 wells, acreage that we believe is prospective for high productivity wells. The strong production performance of Cheal-E1, Cheal-E4, and Cheal-E5 makes further development of the Cheal-E site particularly compelling.
When finished, the Nova-1 drill rig will move to our Sidewinder oil and gas field to target the oil potential identified from oil shows encountered in TAG’s six Sidewinder gas wells. This acreage borders the Ngatoro/ Kaimiro field, which has been producing for 31 years, and still has millions of BOE’s of recoverable reserves remaining.
Cardiff-3 Deep Uphole Completion Update
After further technical analysis of Cardiff-3’s lower K3E zone (which returned gas and condensate but at uneconomic rates), TAG is now in the planning stages to production test the primary uphole zones, the McKee and K1A Formations. These are both producing formations in large fields along trend to the Cardiff prospect.
Near-term anticipated schedule for Taranaki operations
|
Permit Number |
Well Name |
TAG Working Interest |
Date |
|
PEP 54877 |
Cheal-E-JV-6 development |
70% |
Nov 2014 |
|
PMP 38156 |
Cheal-E7 appraisal |
100% |
Dec 2014 |
|
PEP 54877 |
Recomplete Cheal-E-JV-2 |
70% |
Jan 2015 |
|
PMP 38156 |
Build Cheal E to A pipeline |
100% |
Feb 2015 |
|
PMP 38156 |
Cardiff-3 uphole test |
100% |
Mar 2015 |
|
PEP 55769 |
Sidewinder-B1 |
100% |
Apr 2015 |
|
PEP 55769 |
Sidewinder-B2 |
100% |
May 2015 |
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