EXPLORATION

Melbana to hunt Taranaki giant

TARANAKI Basin partners Tag Oil (70%) and Melbana Energy (30%) have committed to drilling the Pukatea-1 well in New Zealand before the end of 2017 to test a prospect that could rival one of the basin’s largest oil pools.

 Puka geology schematic.

Puka geology schematic.

Pukatea-1 will be drilled within 12 months to test a prospect, previously known as Shannon, which could host up to 40 million barrel oil equivalent prospect below the shut-in Puka field.   This morning...

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