Monumental Energy Corp said Monday commercial production has resumed at the Waihapa H1 well in the Taranaki basin onshore New Zealand.
Monumental Energy has restarted commercial oil production from the Waihapa H1 well in New Zealand’s onshore Taranaki basin following a recent workover targeting bypassed pay in the Mount Messenger formation.
“The Copper Moki wells have demonstrated exceptional reservoir performance, with cumulative production approaching one million barrels of oil to date”, said Monumental vice president for corporate development Max Sali. “The successful recompletion of CM-2 – including the perforation of three new intervals – is expected to significantly enhance output. We anticipate strong flush volumes and reservoir recharge, further validating the productivity of the Mt. Messenger formation.