Document Actions
TAG finds gas at Mangimingi-1 but abandoning well
30 March 2007 - Independant Canadian oil and gas company TAG Oil Ltd says that the Mangamingi-1 exploration well in PEP 38758 in central inland Taranaki has flared gas but is deemed to be uneconomic.
TAG, which has a 100% interest in the permit, perforated the well from 1776.5m to 1786, where the well flowed natural gas to flare as well as some formation water.
The company deemed the gas flow rates to be uneconomic given the remote location of this widcat well and initiated abandonment programme.
Follow up technical work is underway of high grade areas of potential oil accumulation in this newly identified hydrocarbon fairway.
The Mangamingi-1 well was drilled directionally to reach a total measured depth of 1871m representing a true vertical depth of 1550m.
TAG president, Drew Cadenhead, said: "Mangamingi-1 has confirmed our theory that oil has migrated through the underlying wedge of thrusted basement sediments and has accumulated in the overlying shallow Miocene sediments in this under-explored eastern region of the Taranaki Basin."
TAG also says that at the Cheal oil field in onshore Taranaki PMP 38156, (which TAG has a 30.5% interest), the Cheal B-2 well is averaging approximately 150 bbls/d and 100mcf/d of gas, gross in production tests. The follows Cheal B-3 which tested at rates of 4500 bbls/d and Cheal B-1 that tested at rates of 133 bbls/d + 225mcf/d of gas.
Construction of the Cheal permanent production facilities continues on schedule for completion by mid-year.
Source: TAG Oil.
The company deemed the gas flow rates to be uneconomic given the remote location of this widcat well and initiated abandonment programme.
Follow up technical work is underway of high grade areas of potential oil accumulation in this newly identified hydrocarbon fairway.
The Mangamingi-1 well was drilled directionally to reach a total measured depth of 1871m representing a true vertical depth of 1550m.
TAG president, Drew Cadenhead, said: "Mangamingi-1 has confirmed our theory that oil has migrated through the underlying wedge of thrusted basement sediments and has accumulated in the overlying shallow Miocene sediments in this under-explored eastern region of the Taranaki Basin."
TAG also says that at the Cheal oil field in onshore Taranaki PMP 38156, (which TAG has a 30.5% interest), the Cheal B-2 well is averaging approximately 150 bbls/d and 100mcf/d of gas, gross in production tests. The follows Cheal B-3 which tested at rates of 4500 bbls/d and Cheal B-1 that tested at rates of 133 bbls/d + 225mcf/d of gas.
Construction of the Cheal permanent production facilities continues on schedule for completion by mid-year.
Source: TAG Oil.
