TAG Oil Ltd., Vancouver, BC, said its Cheal-B7 well in New Zealand has tested at an average rate of more than 1,100 b/d of light oil plus associated gas without treatment.
The well cut a combined 18 m of high-quality oil and gas bearing sands in the targeted Urenui and Mount Messenger formations northeast and updip of the company’s Cheal-B5 well. Total depth is 2,100 m.
Cheal-B7 is in the company’s 100%-owned Cheal oil and gas field in PMP 38156 in the Taranaki basin.
TAG Oil noted that including the B7 well the company’s production totals more than 4,000 b/d of oil equivalent, 70% light oil, and that it has another 3,500 boe/d of production behind pipe awaiting expansion of facilities. The figures exclude contributions from the Cheal-B6, A9, and A10 wells that are being production tested.
The Cheal-B6 well cut 14 m of oil and gas bearing sands in the Urenui and Mount Messenger. Cheal-A9 and A10 wells encountered 10.5 m and 13 m of net pay, respectively, in Urenui.