Octanex N.L., an Australian exploration company, announced Thursday that it has been advised by OMV New Zealand Ltd., the operator of offshore Taranaki Basin permit PEP 51906, that the new Kaka 3D seismic survey has been successfully acquired within and adjacent to the Permit.
The survey commenced 7 Jan 2014, with acquisition of the new data completed 18 Jan 2014. The acquisition vessel has now demobilized from the survey area. The Kaka survey includes 156sq mi. (403.8sq km) of new 3D seismic data within and adjacent to PEP 51906.
In addition to the new 3D data acquired within the Kaka polygon, a further 26sq mi. of 3D tie lines were acquired. The more northerly swath extends the survey to tie-in the new data to the existing Matuku 3D survey (acquired in the Permit in 2011) and provides continuous data over the Kahurangi trough depocenter.
The central and southerly swaths acquired new data over the Torea and Kararo leads.
These swaths will facilitate the tie of the new data and the Matuku-1 well information to the vintage Hector 3D survey that was previously acquired in the adjoining permit, PEP 53537. Octanex and OMV are also in a joint venture to explore the PEP 53537 permit.
The survey area is situated on a north-east structural trend between the Maui oil and gas field and the Maari and Manaia oil fields. The objective of the survey is to enable more precise mapping of prospective oil plays in the Palaeocene Farewell formation and Eocene Mangahewa formation.
PEP 51906 ownership: OMV (65%), Octanex (22.5%), and NZOG (12.5%).