New Zealand Energy Commences Production from Copper Moki-3
New Zealand Energy has said that its Copper Moki-3 is producing approximately 242 barrels of oil per day and 135 thousand cubic feet of natural gas per day.
Also, Copper Moki-1 and Copper Moki-2 continue to flow from natural reservoir pressure, with a total of more than 132,000 barrels of oil produced to date. Copper Moki-3 flowed 7,456 barrels of oil and 4,765 mcf of natural gas1 during production testing and commenced continuous production on July 2, 2012.
The well is producing from natural reservoir pressure out of the Mt. Messenger formation at an average rate of 242 bbl/d and 135 mcf/d1 through a 20/64 inch choke.
NZEC's natural gas pipeline is complete and tied in to the Waihapa Production Station. The operator is finalizing arrangements to receive the gas and NZEC expects to begin generating cash flow from its natural gas production in July.
NZEC has completed a production test of Copper Moki-4, its first Urenui formation well. The well produces 29° API oil which has a higher temperature pour point than Mt. Messenger oil. The well is shut in while NZEC completes the well test analyses and economic evaluation of artificial lift systems required to make a production decision for Copper Moki-4.