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DRILLING

Greymouth shrugs off duster, moves to drill another well

NEW Zealand private player Greymouth Petroleum has reportedly failed to find any commercial hydrocarbons with its eastern Taranaki Waituna-1 well and is now shifting its rig to drill an appraisal well in the nearby commercial Kaimiro gas field.

According to a public notice in the Taranaki Daily News, Greymouth is shifting the small truck-mounted Bonus Drilling Rig-1 from the remote Waituna wellsite in licence PEP 38739 to Bedford Rd, which is...

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