Octanex, OMV land Taranaki permit

OCTANEX and Austrian giant OMV have won another offshore Taranaki exploration lease, to the southwest of the Tui oil field and next to the first New Zealand permit Octanex won in late 2009.

Octanex, OMV land Taranaki permit

Octanex, OMV land Taranaki permit

Octanex, OMV land Taranaki permit

Octanex, OMV land Taranaki permit

Octanex, OMV land Taranaki permit

OMV New Zealand will operate the new lease, PEP 53537, with a 65% interest, while Octanex holds a 35% stake - the same participating interests as in their adjoining PEP 51906 licence.

loader