COSL Prospector ideal rig for Great South Basin - OMV

COSL Prospector ideal rig for Great South Basin - OMV
Gavin Evans
By Gavin Evans July 30 (BusinessDesk) - The COSL Prospector is an ideal rig for drilling in the Great South Basin, an Environmental Protection Authority hearing was told today. The four-year-old harsh environment rig was designed for working in the North Sea and can operate in wave heights of up to 17 metres, Gerald Hollinger, OMV’s New Zealand well engineering manager told the hearing in Dunedin this morning. “It’s perfectly designed for what we want to do here,” Hollinger said in reply to questions from Greg Shaw, a member of the thr...

More Policy

Labour’s tax plan by the numbers
Policy

Labour’s tax plan by the numbers

Labour has chosen a small target CGT and a popular health target.

Pattrick Smellie 28 Oct 2025
Labour's CGT: 'the moderates have won'
Economy

Labour's CGT: 'the moderates have won'

A 'first step' policy that may not raise much revenue.

Pattrick Smellie 28 Oct 2025
Online gambling receipts balloon amid efforts to regulate sector
Policy

Online gambling receipts balloon amid efforts to regulate sector

Offshore online gambling providers filed $290.3m of GST receipts in six months to July.

Gregor Thompson 28 Oct 2025
How Pharmac's set-up risks higher health costs
Economy

How Pharmac's set-up risks higher health costs

Pharmac's fixed budget discourages use of cost-saving medicines common elsewhere.

Pattrick Smellie 23 Oct 2025