Kea Petroleum completes Puka-2 workover

Kea Petroleum has completed the Puka-2 workover component of Phase 1 of the farm-out agreement with MEO New Zealand Pty Ltd.

Offshore staff

LONDONKea Petroleum (AIM: KEA) has completed the Puka-2 workover component of Phase 1 of the farm-out agreement with MEO New Zealand Pty Ltd.

Phase 1 is intended to boost existing production and assist future field appraisal. It includes the workover of Puka-2 and the drilling of a new well, Puka-3, from the existing pad.

The workover operations at the Puka-2 well, in PEP 51153, for which Kea is the operator, began June 2. The downhole pump and rods were removed and inspected. Very fine sand was observed in the pump mechanism, and this is believed to have contributed to the pump failure.

The replacement pump was installed with a change to the downhole configuration. The Joint Venture Operating Committee believes the new configuration is better suited to the reservoir characteristics. The well is back in production.

Ian Brown, managing director of Kea’s operating subsidiaries inNew Zealand, said, “We are very pleased to have safely completed the first operations under the agreement with MEO on time and on budget.”

06/13/2014

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