New Zealand Oil and Gas today reported that Amokura-1, in licence PEPE 38460, had reached its total depth of 3995m and initial results from logging indicated the presence of a 12m gross oil column at the top of the Eocene-aged Kapuni F sands.
NZOG exploration manager Eric Matthews told EnergyReview.Net that this was a very positive first result, though more analysis of cores and logs remained to be done.
“It’s a good result, very similar to Tui, but let’s not get carried away just yet,” he told ERN from Adelaide.
“Reservoir quality appears to be excellent, consistent with that encountered at Tui-1 some 4 kilometres to the southeast . . . however, further wireline evaluation, as well as laboratory analysis of the second core is needed to confirm both this and the extent of the oil column.”
Wireline operations are expected to be completed over the weekend and will be reported on next Monday.
When asked if these results indicated enhanced development scenarios for both Tui and Amokura, Matthews replied: “It seems so.”
Amokura-1 is the first of perhaps three wildcats to be drilled by the Ocean Bounty in the permit for a consortium headed by operator New Zealand Overseas Petroleum (a subsidiary of Houston’s Transworld Oil), NZOG, Pan Pacific Petroleum NL, Australian Worldwide Exploration, and Mitsui and Co.
