Kupe oil partners to meet
PA Wellington Participants in the Kupe South oil exploration consortium will meet within a few weeks to decide where next to drill after abandoning the No. 4 well. New Zealand Oil and Gas, which has a 14 per cent stake in the consortium operating the Kupe South wells in licence area pl 38116, offshore Taranaki, said the JFP 11 jack-up rig would become available again in about two months. NZOG said drill tests at Kupe South No. 4 had produced a gas flow of 6.1 million cu ft a day and 340 barrels of condensate through a %in choke. A % in choke produced 10.1 M cu ft of gas and 560 barrels of condensate a day. Kupe South No. 4, in the Central block of the field about 3km south of previous wells, had extended the area of the field’s known reserves and provided information pertinent to the adjacent South block, the company' said. The other members of the consortium drilling the well are: TCPL (with a 40% interest); Norcen Energy Resources (20%); Shell Japan (10%); Alfa Resources (2.5%); Delta Resources (2.5%); and the Ministry of Energy (11%).
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Press, 8 March 1989, Page 38
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193Kupe oil partners to meet Press, 8 March 1989, Page 38
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