After careful consideration, the Great South Basin joint venture parties Shell New Zealand, OMV New Zealand Ltd and Mitsui E&P Australia Pty Ltd have made a decision to take up the option to drill an exploration well in the PEP 50119 block.
The timing of the drilling programme will be determined following detailed planning and will most likely target the early 2016 summer period.
“We are very grateful to the communities of Otago and Southland for the way in which they have engaged with us so far,” says Rob Jager, Country Chairman for Shell New Zealand.
“We will ensure that open and honest engagement with all interested parties continues as the project matures towards the drilling campaign.”
Press Release, January 07, 2014