NZOG's first well outside NZ to spud in late Jan

Sun, 13 Jan 2013

By Pattrick Smellie Jan 14 (BusinessDesk) - New Zealand Oil & Gas's pursuit of a more diversified global portfolio will take an important step with the spudding of the Parit Minyak-2 well onshore in Sumatra, Indonesia in a little under a fortnight. NZOG has a 22.5 percent interest in the Kisaran block, in the prolifically productive central Sumatran region. The planned well, to which NZOG will contribute US$6.5 million in the initial phase, is to explore an undeveloped oil discovery made in 2006, as well as additional zones an earlier well d...

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