Tuatara yields gas traces

Roc Oil (Tasman) says intermittent gas shows have come to light during drilling of the Tuatara-1 exploration well offshore New Zealand.

Offshore staff

SYDNEY, New South Wales -- Roc Oil (Tasman) says intermittent gas shows have come to light during drilling of the Tuatara-1 exploration well offshore New Zealand.

The shows were encountered over the drilled interval between 780 and 900 m (2,559-2,952 ft). Wireline logs will assess their potential after drilling to total depth.

Tuatara-1, in the PEP38524 permit offshore Taranaki, is targeting around 80 MMbbl of recoverable oil in a typical Taranaki basin trap similar to the Maari oil field, 80 km (49.7 mi) to the northwest.

The well is being drilled by operator AWE in 50 m (164 ft) of water, 15 km (9.3 mi) offshore the northern edge of the South Island. Planned TD is 2,025 m (6,644 ft).

08/11/2010

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