Cue Energy Resources Ltd. said Jan. 19 that the Te Kiri North-1 well in New Zealand’s Taranaki Basin reached 4,629 m measured depth. Plug and abandon operations have been started by operator Todd Energy Ltd.
The deviated well in the Turi Formation, which tests Miocene and Eocene objectives, was drilled successfully. Completing it fulfills all of Cue’s remaining permit PEP 51149 obligations.
Hydrocarbon shows were found in the Miocene Mt. Messenger Formation, and a wireline logging suite was run to evaluate the section. The logs indicated low reservoir quality and the decision was made not to further evaluate the zone. The Eocene objective was a structural trap, probably updip from the nearby Te-Kiri 1 well.
Todd Energy Ltd. has an 80% interest and Cue Taranaki Pty Ltd. has 20%.
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