NEW ZEALAND

Swift and Mighty River plug Tawa-B1 duster

OPERATOR Swift Energy and Mighty River Power have failed to find commercial hydrocarbons with the...

Neither Swift Energy nor MRP will confirm the plugging and abandoning of the well. But the Parker Drilling Rig 246 has moved from the Tawa-B1 wellsite without doing any production testing.

Rig 246 has moved north to drill Goss-A1 - the second of three wells proposed by the consortium as part of its 2005 onshore Taranaki Tarata Thrust exploration program.

Goss-A1 will be targeting Eocene-aged Kapuni sands within the Goss prospect, which is located in the formerly prolific oil-producing Waihapa oil field in central Taranaki. Although the main producing zones at Waihapa were fractured Tikorangi limestones, former operator Fletcher Challenge Energy believed there was further production potential in deeper formations.

Swift Energy president Bruce Vincent told EnergyReview.net that the company’s third quarter earnings – due to be released this Thursday – would contain updated information on progress of the Swift Energy-MRP drilling program.

MRP upstream ventures manager John Bay declined to comment.

It is also known the Parker Drilling Rig 188 has moved from its coastal Motunui site, where it drilled the unsuccessful Terrace-1 well for Todd Energy, south to drill Trapper-A1 – the third Swift Energy-MRP Tarata Thrust well.

Last March Swift Energy and downstream electricity player MRP announced they were joining forces to explore for “deep gas” (Eocene-aged or earlier) in the onshore Tariki-Ahuroa-Waihapa-Ngaere (Tawn) fields and the more southern Rimu-Kauri fields at depths of 3000m or more.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry