New Zealand Oil & Gas Ltd (NZOG) advises that as at 2.00pm on 9 July, the following operations have been completed on Momoho 1:
• The 12-1/4 inch section was drilled to a final depth of 2,898m MDRT (measured depth below rotary table).
• The 9-5/8 inch casing is currently being run.
Over the coming week, the rig is expected to complete running and cementing the 9-5/8 inch casing, drill the 8-1/2 inch section and acquire wire-line logs over the primary reservoir target (Farewell Formation).
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 2,898m
*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.
Attachment: Graphic depiction of drilling progress.
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%
