Drilling began on the Matuku-1 well in petroleum exploration permit 51906 offshore Taranaki basin, New Zealand. The well, with a planned depth of 4750 m, targets the F Sands reservoir sandstones of the Kapuni Group. Secondary targets are sandstones of the Kapuni Group D sand and Pakawau Group North Cape formation. OMV New Zealand (65%) is the operator with partners Octanex (22.5%) and New Zealand Oil & Gas (12.5%).
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