Oil and gas company OMV Taranaki has won consents to undertake the drilling of up to 10 exploration and appraisal wells, as well as the associated discharges, within its petroleum exploration permit in the Maui Field in the Taranaki Basin.
This is seen as a vital step for the energy industry in NZ, because reserves of oil and gas could run out within 11 years at present rates of consumption. And with the economy under the whip, any extension of those reserves would come as a welcome fillip.
OMV will be aiming to build on its success in the last drilling season with its wildcat well Toutouwai-1, 50km off the Taranaki coast, penetrating several layers of hydrocarbons. Because of the Covid-19 pandemic it had to withdraw from further work proving up the Toutouwai discovery.
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