New Zealand offshore exploration quickens

A significant oil find by Shell Todd Oil Services and the licensing of a block between New Zealand's North and South Islands highlight current exploration activities in the country's offshore areas. Shell Todd and partner Cultus Petroleum NL, Sydney, have completed evaluation of the Maari 1 well, the initial results of which were announced in mid-November (OGJ, Nov. 30, 1998, p. 34). The well, in the Taranaki basin, cut 56 m of net oil-bearing sands in three formations.

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