Showing posts with label Oil drilling. Show all posts
Showing posts with label Oil drilling. Show all posts
Friday, June 14, 2019
Bob Edlin: Drilling programme vital to avoid importing oil and gas
Labels: Bob Edlin, Oil drillingThe arrival of the self-propelled, 34,500-tonne offshore drilling rig COSL Prospector in Taranaki heralds an important stage in the exploitation of NZ’s oil and gas resources.
The first task for the rig is to drill three side-track wells for Malaysian-based Tamarind at the Tui offshore field, in the expectation it can extend the life of the field beyond next year and lead to the extraction of 6-8m barrels of oil.
Then the rig is contracted by OMV, operator of the offshore Pohokura and Maui fields, to drill an exploratory well in the Great South Basin.
OMV, which also operates the offshore Maui and Pohokura gas fields, expects to begin drilling towards the end of the year – potentially using the COSL Prospector if consents are secured. OMV’s first well lies in about 1,200 metres of water 130 kilometres south-east of Balclutha. If successful, the programme potentially could involve drilling 10 wells, up to two further exploration wells and up to seven for appraisal.
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