Another Taranaki well comes up dry

Tue, 26 Aug 2014

By Pattrick Smellie Aug. 26 (BusinessDesk) - The string of unsuccessful offshore oil exploration wells continues, with the Whio-1 well to be plugged and abandoned, despite hopes it would find commercial quantities of hydrocarbons because of its proximity to the producing Maari oil and gas field. Whio was regarded as highly prospective, but operator OMV and other partners in the well announced today it would be plugged and abandoned after encountering only sandstone throughout its total depth of 2,834 metres. The drilling targeted prosp...

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