Future NZ exploration hinges on Great South Basin success

Future NZ exploration hinges on Great South Basin success
Gavin Evans
OMV’s drilling programme off the Otago coast this summer will probably determine whether there is any further exploration in New Zealand waters, a leading energy analyst says.OMV and its partners Beach Energy and Mitsui are planning one well about 146 kilometres off the coast south-east of Balclutha. It will be the country’s southern-most offshore well in 36 years.Should the well be successful, that could be transformative for the New Zealand economy, said John Kidd, head of energy research house Enerlytica. But an unsuccessful well would proba...

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