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OMV drills deep in Great South Basin, finds no oil or gas whatsoever

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Christian Fernsby ▼ | February 22, 2020
OMV said the Tawhaki 1 exploration well in the Great South Basin was dry.
Oil industry   OMV
Tawhaki 1 is in deep seas off the east coast of the South Island, New Zealand.

Topics: OMV oil gas

"The Tawhaki 1 exploration well was safely completed this week and preliminary indications are that there has not been a commercial scale discovery."

It said it would do further analysis and update on its findings. The well is being plugged and abandoned.

The well was drilled in waters 1300 metres deep about 140 kilometres south-east of the bottom of the South Island.