The Copper Moki-2 (CM-2) oil and gas well in New Zealand’s Taranaki Basin has resumed commercial production after completing a workover, Monumental Energy Corp. said Monday.

Under the terms of the agreement, Monumental Energy will receive a 25% royalty on all oil and gas production from the Copper Moki site, following full recovery of its 75% initial capital contribution.

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The Copper Moki-1 (CM-1) workover is expected to take approximately 10 days. If successful, the well will be placed on continuous production alongside CM-2.

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