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News

This section of our website includes all of our media releases, speeches and presentations. You can view a topic using the tag cloud, or by the date archive found on the right hand side.

News

Matuku-1 update 16 Jan 14

Posted on 20 January 2014

New Zealand Oil & Gas believes its share price has been affected by the previously released news that the primary target zone in the Matuku well in PEP 51906 offshore Taranaki has not encountered significant oil or gas shows. The well is currently at a depth of 4307 metres and drilling ahead to a total depth of 4750 metres.

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Matuku-1 weekly progress report January 13

Posted on 13 January 2014

The Matuku-1 well in PEP 51906 offshore Taranaki has been drilled to 3913 meters as of 6.00AM Sunday, 12 January 2014. A 9 5/8 inch casing string has been set to 3409 meters.

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Matuku-1 weekly progress report January 7

Posted on 7 January 2014

As at 6:00AM Monday, 6 January, the Matuku-1 well in PEP 51906 offshore Taranaki had been drilled to 3417 metres. 9 5/8” casing has been run to 3409 metres and cemented. The current operation is running in 8 ½” drilling assembly to commence drilling the next section to a planned total depth of 4754m.

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Clipper seismic survey completed

Posted on 31 December 2013

New Zealand Oil & Gas has completed an incident-free 3D seismic survey covering approximately 650 square kilometres of the Clipper permit East of Oamaru. The seismic vessel Polarcus Alima began the survey on 17 December towing twelve seismic streamers, each 100 metres apart and reaching eight kilometres behind the vessel. The survey was completed at approximately 8.30 this morning, more than a week ahead of schedule. The terms of the Clipper exploration permit required a 3D survey to be completed by October 2014.

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Matuku-1 weekly progress report December 30

Posted on 30 December 2013

As at 6.00AM Sunday, 29 December, the Matuku-1 well in PEP 51906 offshore Taranaki had been drilled to 3167 metres after setting 13 3/8” casing at 1494 metres.

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New interest acquired in Indonesia

Posted on 23 December 2013

New Zealand Oil & Gas has picked up a new interest in a Production Sharing Contract in onshore south Sumatra, Indonesia.

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Matuku-1 weekly progress report December 20

Posted on 20 December 2013

As at 6.00AM Thursday, 19 December the Matuku-1 well in PEP 51906 offshore Taranaki had been drilled to 2867 metres.

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Matuku -1 Weekly Progress Report December 17

Posted on 17 December 2013

As at 6.00AM Monday, 16 December, blowout preventers had been successfully installed and tested at the Matuku-1 well in PEP 51906 offshore Taranaki.

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Matuku-1 weekly progress report December 10

Posted on 10 December 2013

As at 6.00AM Monday, 9 December the Matuku-1 well in PEP 51906 offshore Taranaki has been drilled to 1500 metres.

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Tui acquisition completed

Posted on 9 December 2013

The transfer of Mitsui’s 35 per cent interest in the Tui oil fields has been completed. New Zealand Oil & Gas, AWE Limited (operator), and Pan Pacific Petroleum announced in October they would increase their respective interests in Tui following Mitsui’s decision to divest its share.

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