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Taranaki

TAG banks another 1100 barrels of oil daily from offshore Taranaki fields

BusinessDesk | Wednesday March 07, 2012 | 1 comment

Canadian listed oil and gas company TAG Oil is producing 4000 barrels of oil a day from its onshore Taranaki fields after adding a further 1100 barrels a day from its Cheal-B7 well, and has another 3,500 barrels daily ready to come on-stream.

TAG Oil earnings on rise with new wells

NBR Staff | Friday February 17, 2012 | 2 comments

TAG Oil's earnings rise alongside current drilling of two new wells at Cheal.

L&M Energy bosses bullish

Nina Fowler | Thursday April 29, 2010

L&M Energy has announced an aggressive schedule for 2010, with bosses bullish about coal seam gas and oil prospects.

Speaking at the company’s 4th annual general meeting, the first since the successful acquisition of L&M Coal Seam Gas in February, managing director Kent Anson celebrated the company’s move from coal seam gas explorer to producer.

Largest oil field goes into full production mode

Andrea Deuchrass | Monday December 21, 2009

The country's largest oil field is now in full production mode after completion of a year-long drilling progamme.

More than five million barrels of oil have already been extracted from the offshore Taranaki field, Maari, since February this year and the consortium involved are confident it can supply oil for another 10-15 years.

It has estimated reserves of 50 million barrels.

The operator, OMV, said today the ENSCO 107 jack-up rig was almost ready for departure from Nelson to Singapore – floated on the specialist heavy transport vessel the MV Target.

NZOG abandons first well in summer drilling program

Andrea Deuchrass | Monday December 14, 2009

New Zealand Oil and Gas shares dropped slightly this morning after only traces of hydrocarbons were found in the first of its four-well summer drilling program.

The company (NZX: NZO), which began drilling the Albacore-1 well using the ENSCO-107 jack up rig on December 5, this morning announced the well was not commercial.

Drilling season underway as rig moves to Albacore

Andrea Deuchrass | Monday November 23, 2009

The drilling rig ENSCO-107 has left the Maari production platform and will be used to drill the Albacore-1 production well, in the northern Taranaki basin.

New Zealand Oil & Gas (NZX: NZO), which has a 40% share in the Albacore permit (along with the operator, Westech, 50% and Mighty River Power Gas Investments 5%), announced the assignment this morning.

The jack-up rig has been in Taranaki waters since October 2007, drilling the Kupe development wells, the Momoho exploration well and at Maari.