Canada-based oil and gas company TAG Oil is undertaking an extensive geotechnical and engineering review of the Taranaki development and exploration acreage in New Zealand, in order to commence the next round of drilling later this year.

Giving an update on its Taranaki Basin oil and gas production, operations and the future drilling activity, TAG said that it is focusing on low-expenditure and in-field production optimisation opportunities to increase production.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company will begin the next round of drilling at its Cheal and Sidewinder Exploration and Development acreage, based on the geotechnical and engineering review.

"Average net production from the Cheal oil field for the first 15 days of April was 1,970 barrels of oil equivalent per day."

Average net production from the Cheal oil field for the first 15 days of April was 1,970 barrels of oil equivalent per day (boed), an increase of 127boed compared to March.

Permit-wide 3D seismic coverage shows that the Cheal permit area has more than 70 development drilling locations, which have been identified and high graded.

TAG expects the Sidewinder acreage to have the potential to develop another field similar to Cheal.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company plans to begin drilling of the SW-1B and SW-2B wells in Sidewinde later this year, and has assembled a 22,000-acre exploration play area around its gas discovery.

Both the wells within the Sidewinder B area will target oil-prone prospects in the Miocene-aged, Mt. Messenger formation, at approximately 2,000m depth.

TAG has previously drilled seven shallow gas wells on the Sidewinder A site.