Mitsui JV Finds Gas Onshore NZ

Mitsui and its partners have intersected gas onshore northern Taranaki, New Zealand.

The Kohatukai-1 well in PEP 55768, onshore northern Taranaki, has intersected the secondary objective Matapo Sandstone and observed elevated mud gas readings indicating the presence of gas, New Zealand Oil and Gas (NZOG), one of the joint venture partners, said October 26.

Participants in PEP 55768 are Mitsui E&P Australia (37.5%); AWE Holdings NZ (12.5%) (operator); NZOG (25%); and OG Oil and Gas (25%). OG Oil and Gas is the largest shareholder in NZOG. In May, Mitsui acquired Australia’s AWE.

“Following preliminary interpretation of the logging program, a downhole reservoir fluid sampling program may be undertaken. Data obtained from these potential activities will aid in establishing the fluid content and hydrocarbon saturation, and to an extent, the permeability and producibility of the reservoir,” NZOG said.