New Zealand Oil & Gas Ltd (NZOG) advises that as at 2.00pm on 2 July, the following operations have been completed on Momoho 1:
• The 17 inch section has been drilled to a final depth of 1,845m MDRT (measured depth below rotary table).
• The 13-3/8 inch casing has been run and cemented as programmed.
• The Blow-Out Preventers (BOPs) are currently being pressure tested.
Over the coming week, the rig is expected to drill the 12-1/4 inch section and run the 9-5/8 inch casing.
Momoho is an exploration well 6 kms southeast of the Kupe central field, off the coast of South Taranaki. Drilling began on 13 June 2008 and progress to date is summarised as follows:
Well section: 36inch 22inch 17inch 12 1/4inch 8-1/2inch
Planned Depth: 170.5m 550m 1,830m 2,855m 3,142.5m
Actual Depth*: 180m 561m 1,845m
*Depths are cumulative and show total well depth measured below the rotary table (MDRT).
The well is expected to take approximately 51 days to drill.
ENDS.
Partners in the Kupe permit PML38146 are:
Origin Energy Limited (through its subsidiary Origin
Energy Resources (Kupe) Limited) 50% (Operator)
Genesis Energy (through wholly owned subsidiaries) 31%
New Zealand Oil & Gas Limited (through wholly owned subsidiaries) 15%
Mitsui E&P Australia Pty Ltd 4%
