NZOG seeks partners for 2017 drilling at 'high-potential' Barque prospect

Wed, 29 Jul 2015

By Jonathan Underhill July 30 (BusinessDesk) - New Zealand Oil & Gas says exploration drilling of the Barque prospect in the Canterbury basin, which has the potential to be the nation's biggest-ever hydrocarbon discovery, is expected to start in 2017, subject to securing suitable partners and a drilling rig. The Wellington-based oil and gas company has a 50-50 joint venture partner in the prospect with Beach Energy. Analysis of seismic data acquired in 2013 suggest an estimated prospective resource of 530 million barrels of oil equivalent...

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