Horizon Oil has been advised by OMV New Zealand Ltd (OMV), the Operator of permit PEP 51313, that at 08:10 hours (local time) on Monday 25 August 2014, the Whio-1 well has reached a total depth of 2,824 m MDRT (2,683 m TVDRT) in the Paleocene Farewell Formation. The well is currently being plugged and abandoned.
Since the previous report, the 12.25” open hole wireline logging has been completed and plans for abandonment are underway. Horizon Oil has been advised by the Operator that the well encountered sandstones in all objectives (Whio A Sandstone, M2A Sandstone, Moki Formation, Mangahewa Formation, Kaimiro Formation, and Farewell Formation) as expected, but could not confirm the presence of commercial hydrocarbons.
For further information please download PDF attached:
