OMV's Great South Basin well unsuccessful

Thu, 20 Feb 2020

OMV says the well it drilled off the Otago coast did not make a commercial discovery.Work drilling Tawhaki-1 began on Jan. 8 but was interrupted when a blow-out preventer on the COSL Prospector was triggered during a test late last month – shearing the project’s drill pipe.Today the company said the drilling had been completed and had not been successful. Partner Beach Energy said the results indicated there were no hydrocarbons in the target reservoir.“OMV will provide a further update on drilling results once analysis is complete,” Gabriel Se...

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