Drilling began on the Matuku-1 well in New Zealand’s Petroleum Exploration Permit (PEP) 51906 in the offshore Taranaki basin. The vertical well will be drilled to a potential total depth of 4750 m. OMV New Zealand (65%) operates PEP 51906 with partners Octanex NZ (22.5%) and New Zealand Oil & Gas (12.5%).
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