EXPLORATION

Tuatara disappoints

AWE and its partners are plugging and abandoning the shallow offshore Tuatara-1 well near the top of New Zealand's South Island after encountering only minor oil shows in the main Miocene-aged target.

Tuatara disappoints

Operator AWE said yesterday afternoon that the wildcat well was being abandoned at a depth of 1911m. "Minor oil shows were intermittently reported over the interval 1790-1850 metres" but there were...

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