Taranaki basin: Kea has completed the workover of the Puka-2 well in New Zealand
MEO farms in to Kea’s Puka find
07 April 2014 07:49 GMT
Kea stock jumps on Puka farmout
31 March 2014 09:06 GMT
Kea nears Puka farm-out
09 December 2013 07:57 GMT
12 June 2014 02:16 GMT
During the workover Kea removed and inspected the downhole pump and said fine sand found in the pump mechanism was believed to have contributed to the pump failure earlier this year.
It installed a replacement pump and changed the downhole configuration to one it said the joint venture believed was more suited to the reservoir characteristics at Puka.
Kea said the well was now in production following the completion of the successful workover operation.
The workover was the first phase of a farm-out agreement with MEO Australia aimed at boosting existing production and assisting future field appraisal.
MEO is contributing NZ$5 million to earn a 30% stake through the first phase of the farm-in which includes the workover at Puka-2 and the drilling of a new well, Puka-3, from the existing pad.
Drilling of Puka-3 is expected to start during the third quarter of the year, subject to rig availability and operational constraints.
MEO can subsequently pay NZ$7.5 million to earn a further 20% interest in PEP 5113, under the farm-in agreement.
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