Kea Petroleum has signed a contract with Drill Force New Zealand Ltd to enable the drilling of Puka-3 using Drill Force's Rig-6. Site preparations are progressing and the spud date is expected to be in late July 2014.

Puka-3 is targeting Mt Messenger formation sands at about 1,580m Total Vertical Depth that have been interpreted from the recent 50 square km 3D seismic reflection survey carried out in the south western part of PEP 51153.

The drilling of Puka-3, from the same well pad as the producing Puka-1 and Puka-2 wells, is an important component of Phase 1 of the farm-out agreement with MEO New Zealand Pty Limited, which is intended to boost existing production and assist future field appraisal.

Tags: Kea Petroleum