BLO - Rimu and Kauri

  1. 1,058 Posts.
    With all the action at Huinga Rimu and Kauri may have been overlooked. Following is part of an announcement today by Swift Energy.

    This affects BLO as follows.

    Rimu - production is taking place as expected

    Kauri - the big hitter well is being drilled.
    Swift thought that their first deep well was down dip. Nevertheless it hit uneconomic
    oil in the Kauri and oil in the Tariki and gas in the Kapuni. This target is big 200 -500
    million barrels although BLO has only 5%
    of it.

    New Zealand Update

    Swift spudded the Kauri-A4 exploratory well on June 22, 2002. The well has multiple objectives in the Kauri Sands, Tariki Sands and the Kapuni Sands. The well is expected to take approximately 100 days to drill. Production from the TAWN fields averaged approximately 40 MMcfe/d during the second quarter of 2002, which was higher than anticipated because of higher levels of demand. Daily production in this area is expected to average approximately 35 MMcfe/d for the remainder of the year because of anticipated lower demand due to increased availability of hydroelectric power. The Rimu Production Station (RPS) began operating in the second quarter and averaged approximately 1,011 barrels of oil equivalent per day (687 b/d of crude oil plus NGLs and 1.9 MMcf/d of natural gas) during the second quarter. Following the drilling of the Kauri-A4 well, the rig will be moved to Rimu to drill a development well to provide additional throughput for the RPS.
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