TAG OIL
EXPLORATION WORLD
“ Our niche here in New Zealand is to run our company as a small nimble junior company-- sort of like a Canadian model , not surprisingly ,” he said . “ What we found was that there were a number of Majors down here , [ such as ] Shell and some of the big Australian companies , mainly focusing offshore . No one was really focusing on-shore where there ’ s some really nice oil . In particular , shallow oil plays , so really kind of up our alley as far as what we were familiar with as Canadians working in Calgary .”
One of TAG Oil ’ s strongest plays is in the Taranaki Basin . The only sedimentary basins in New Zealand to have been commercialized to date , the company has invested heavily in the region with three plants and a wholly-owned network of pipelines just east of the field . From there , everything ties into their mother facility , the Cheal plant .
The drilling operations in that region produce between 2,300 and 2,500 barrels of oil equivalent per day , securing a steady cash flow . According to Cadenhead , TAG Oil will be producing in that region for years to come having only drilled roughly 25 percent of the company ’ s total acreage .
SUPPLIER PROFILE
TAG OIL
Horizon Energy Services Ltd , a specialist oil and gas service provider based in New Plymouth , New Zealand has held the operations and maintenance contract for TAG Oils Cheal Production Station and well sites for over seven years .
We currently supply a full operations team to TAG , including an onsite Production Manager , Operations and well testing Technicians , permit issuers and safety personnel .
In addition to providing personnel support , our extensive expertise has also been pivotal in the development of a document management , HSE and permitting system , operational procedures and training regime to complement TAGs own infrastructure .
Our people and processes have developed along with TAGs growing operations , and we continue to work alongside each other in a very seamless and synergistic way .
Website : www . horizonenergy . co . nz www . tagoil . com / default . asp 53