OPERATIONS

TAG kicks off Cheal optimisation program

NEW Zealand-focused Canadian junior TAG Oil has started a program at the onshore Taranaki Cheal oil field aimed at increasing production and reserve recovery rates, while further reducing production costs and establishing a new production horizon.

Chief operating officer Drew Cadenhead told PetroleumNews.net this morning that his company was hoping for "significant material additions" in recoverable reserves and net present value for Cheal from...

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