Anadarko's oil hunt fails

Last updated 11:53 04/02/2014

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Anadarko has announced its explorative deep sea drilling in the Taranaki Basin was a failure.

The Noble Bob Douglas, the 229-metre long ship that drilled 4619m into the floor of the Tasman Sea, will move on to the Canterbury Basin this week.

''It's a disappointment, but this is by far the most frequent outcome in exploratory drilling,'' Anadarko New Zealand's corporate affairs manager Alan Seay said.

The well, which was drilled under 1500m of water will be plugged and abandoned over the next few days, Mr Seay said.

The announcement comes hot on the heels of a similar announcement by Austria owned OMV New Zealand.

The company's exploration well, drilled to a depth of 4846m, was plugged and the drilling rig, Kan Tan IV, will be handed over to Australian company AWE, before OMV takes the rig back to explore the Whio prospect, south of the Maari Oil Field later this year.

The license for Anadarko to drill in the Taranaki Basin ends on February 14.

After drilling in the Canterbury Basin, the Noble Bob Douglas, which costs $1.2m a day to run, will head to the Gulf of Mexico.

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- Taranaki Daily News

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