Oil and Gas News

NZOG, Central Petroleum lock in equipment for Mereenie

Central farms out interests in Amadeus Basin

New Zealand Oil and Gas (NZOG) has announced that Mereenie joint venture operator Central Petroleum  has confirmed a coil tubing unit is being mobilised to the site in January 2022.

The company said this is to further improve production from several wells including some of the previous development campaign wells.

NZOG will continue to monitor ongoing well performance across the field and will update reserves and production data when material new data is available.

In addition, planning continues for the Palm Valley and Dingo exploration well programme, scheduled for completion in early 2022.

The Ensign Rig 963 has been contracted by the permit Operator to drill Palm Valley -12/12A and Dingo-5 in the Amadeus Basin.

The Rig is expected to begin mobilising to the Palm Valley well site in late January 2022, with an anticipated spud in mid-February 2022.

The Dingo-5 well will be drilled back-to-back with Palm Valley-12/12A.

The Palm Valley Operator has also advised that the existing Palm Valley -13 well continues to outperform expectations, with a slower decline than anticipated.

New Zealand Oil & Gas has a 17.5 per cent interest in the Mereenie License, and a 35 per cent interest in both the Dingo and Palm Valley Licenses.

The company’s chief executive Andrew Jefferies said he’s glad to see the rig contracted and looks forward to the drilling campaign at Palm Valley and Dingo.

“It is good to be part of ongoing activity in the Amadeus fields”, he said.

“There is a continuing work program at Mereenie to unlock the value there, and the coil tubing campaign is a logical next step in that process, as we digest the results of the development campaign as previously reported, and ongoing production.”

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