EXPLORATION

NZOG barks for Barque

DESPITE the low oil price, New Zealand Oil & Gas says there is growing third party interest in the massive undrilled Barque prospect in the frontier offshore Canterbury Basin, which could finally lead to a much-anticipated well in 2017.

The structure in the basin off the South Island is a large, well-defined Cretaceous structural trap covering some 150sq.km favourably located within the Clipper Graben, which has been the focus of intensive...

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