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New oil search

PA Wellington A major new oil and gas exploration programme in Taranaki has begun. Drilling of the Te Kiri-1 well, about 10km north of Opunake in South Taranaki, started on Thursday and the well was atja depth of 17m by 7 a.m.* yesterday, Petrocorp (Exploration), Ltd,

said in a statement to the Stock Exchange. The well is testing potential hydrocarbon reserve horizons in the Kapuni Group. The Te Kiri-1 well is the first in the oil and gas exploration programme, which may involve drilling at least six wells in prospecting licence area 38034 before July nfext year.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19860225.2.107.32

Bibliographic details

Press, 25 February 1986, Page 23

Word Count
100

New oil search Press, 25 February 1986, Page 23

New oil search Press, 25 February 1986, Page 23

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