Huinga-1B will be directionally drilled from the existing Huinga -1/1B well bore, to target the Tariki sandstone and Kapuni Group sandstone about 550m west of the Huinga wellsite.
The Huinga prospect is considered to have the potential to contain mean oil and gas reserves of 46 million barrels of oil and 161 billion cubic feet of gas.
Participants in the permit PEP38716 where the drilling will take place include Bligh Oil (25%), Preussag Energie GmbH (24%), Swift Energy NZ (15%), AWE New Zealand (12.5%), Indo Pacific Energy (7.3%), Euro Pacific Energy (6.6%), Springfield Oil and Gas (4.6%) and PEP38716 Ltd (5%).
