Tamarind halts Tui drilling programme

Thu, 12 Sep 2019

By Gavin Evans Sept. 13 (BusinessDesk) - Tamarind Resources has halted drilling at its Tui oil field off the Taranaki coast after the first of the three planned wells came up dry. Managing director Ian Angell says that despite the “unexpected” result from the first well, the firm believes the other two prospects are worth pursuing. But the company will not continue the programme “at this time” and is preparing to demobilise the rig – the COSL Prospector. “Tamarind has been unable to agree terms with the rig provider with respect to...

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