Mosman discovers oil at Cross Roads-1 well in New Zealand

Mosman Oil & Gas has discovered oil at its Petroleum Creek Project in New Zealand. Mosman Oil & Gas has discovered oil at its Petroleum Creek Project in New Zealand, according to a company statement. The company began drilling the Cross Roads-1 well the first week of June and the drilling data indicates an oil discovery that warrants reporting to the New Zealand Petroleum & Minerals.

The well has been drilled to approximately 797 feet and 7-inch casing has been set. Once the company installs blow out preventers and tests the pressure it can begin coring to test the Cobden limestone. Drilling will continue until a depth of approximately 1,148 feet to 1,312 feet has been reached.

The current data shows the well has two zones approximately 28 feet thick each in the Eight Mile formation. They both have good porosity, between 10 to 20 percent and moveable oil for a potential pay of about 56 feet.

After Cross Roads-1 has been drilled to its total depth, the drilling rig Drill Force will be moved to the Crestal-1 well, which is ready for drilling. The company is preparing the Crestal-2 well for drilling as well.

More information on oil in New Zealand can be found at PennEnergy's Research Area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs