TAG Oil Blog

The Journey to Waitangi Valley-1

Posted by Denise Marshall on Jul 18, 2014 4:48:00 PM

What goes into the building of a drill site? When it’s in the undeveloped East Coast Basin, even a small well pad nestled in the hills can take some infrastructure work. As always though, TAG Oil is careful to work within the landscape and keep a small footprint. Here are some photos from the field of our soon-to-be-spud Waitangi
Valley-1 well.
 

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A couple of locals supervise our team. 
 

     

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Prepping the well pad site for the big rig en route.

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We built a small bridge over a seasonal stream…

 

     

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…That flooded from record winter rains. No harm done.

 

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Conductor Pilot Hole Opener assembly, drills 17.5” hole down to a depth of 42m. Later a conductor hole is drilled to 26” size.

 

     

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Welding a “20” conductor casing that will be cemented in the 26”  hole to a depth of 42m.


 

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Taking in the view in the winter sun, enjoying the new fence we built. 

Year-end, and full speed ahead.

Posted by Denise della Santina on Jul 14, 2014 2:24:00 PM

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What better way to bookend TAG Oil’s 2014 fiscal year than with great panoramic shots of two exploration drill sites: above is the Taranaki Basin at Southern Cross, and below is our upcoming Waitangi Valley-1 well drilling pad in the East Coast Basin.

It was a good year at TAG, with active step-out drilling and approximately 893,000 BOE of new gross reserves to date. New discovery area production has been consistent and that success has opened up several new, promising, development drilling locations.

On the other side of the island is the Waitangi Valley-1 drill site. This exploration prospect is TAG's second unconventional well, this time targeting the source rocks in a deeper basinal setting than the Ngapaeruru-1 well. It also includes possible conventional discovery potential, as we drill through a number of Miocene-age sands similar to what we produce from in Taranaki.

At Cardiff-3 we are planning an uphole completion once the drilling data has been further analyzed and our team has determined the best way to complete the well.

Meanwhile, sticking to plan and equipment availability, we move on to development drilling within TAG’s 100%-owned, proven Cheal field, the newly discovered Greater Cheal area, and two new step-out wells targeting the oil potential in our lightly explored Sidewinder field acreage, neighbor to the successful Ngatoro field, which has been producing high netback oil for more than 25 years.

Company finances remain strong, and so does our commitment to the community, as we fund a Stratford High School scholarship (hats off to this year’s winner Anna England, who will be studying Geology at Victoria University), sponsoring the Taranaki Rugby Football Union, the New Plymouth Surf Life Saving Club, donating a new kitchen to the Ngaere School, and much more.

There’s much to do and we’re all energized!

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Topics: East Coast Basin, Financials, unconventional oil, Taranaki, Cheal Oil Field, Cardiff Deep Gas