EXPLORATION

Kea spuds Beluga well

UK-listed Kea Petroleum has spudded its second onshore Taranaki well, Beluga-1, targeting an estimated 446 billion cubic feet of gas and up to 27 million barrels of associated condensate.

The Ensign Rig 19 started drilling at the Beluga-1 wellsite, in licence PEP 5155, yesterday after a smaller Interdrill rig drilled the top hole late last month. Kea chief executive Dave Bennett told...

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