Refer to Farmout summary for PEP38451. It looks like Anadarko is drilling the monster Romney.
https://www.faultseal.com/index.php/...ock-pep-38451/
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Refer to Farmout summary for PEP38451. It looks like Anadarko is drilling the monster Romney.
https://www.faultseal.com/index.php/...ock-pep-38451/
If there was, would have been taken over a long time ago.[/QUOTE]
Not easy with T/R at the helm.
A.Gibbs G.Weiss etc try ed for years
getting control over Otter Gold, only succeed when he was gone, with the aid of Inst.
He learned a lot out of that.
O/G had 2 mighty gold fields in Beaconsfield Tas. & in the Tanamai N/T but no cash reserves like NZO
S/P from $1.80 down to 30 cents and look who ended up with the Lot { loot }. And there are quite a few other examples.
Everything is relative of course.
BUT
WE-HAVE-OUR-WAYS!!!!
From Oil and Gas:
Anadarko and Origin plan to drill the Middle East-sized Carrack-Caravel prospect, a multi-trillion cubic feet structure largely in the inner lease PEP 38264. Anadark also plans to target the Romney prospect off Taranaki that could contain between 1.1 and 2.8 billion barrels of oil or 1.7 trillion cubic feet of gas.
It is known Anadarko and Origin are seeking farminees to take a total 33% stake in the Canterbury leases, which the companies plan to effectively merge into one, keeping the best parts of both licences, including Carrack-Caravel.
Anadarko has said just getting a drillship to New Zealand waters could cost $US100 million, while the wells could each cost $US1 million per day to drill.
http://oilandgas.co.nz/News/Finally,...res-Drillship/
call tv3 ask for JC producer, my bet is they are too lazy
Nobody would want a repeat of the Gulf of Mexico disaster off our coast and the time may be arriving when NZ will require higher standards of operating in deep sea drilling. So whatever the differing concerns of the protesters, I see them as providing a real service to the country if only by fueling debate and helping move those standards along.
For example, I don't know how Anadarko have structured their legal responsibilities on this well, but surely they haven't set themselves up so that they have limited liability against potential disaster. Or alternatively does the government at least require multi-billion dollar insurance cover in place. Can anyone advise?
Also I have not been impressed with some of the official responses to various concerns expressed to date. For example the response from government that all our oil wells are low pressure and need downhole pumps to flow! All rather strange as recall how Waihapa 1B belted out at 5000bopd when perforated, also didn’t one of the Kupe South wells test at 10000+bopd? What about Maui and all the big gas wells with decent GOR and hence plenty of condensate to come gushing to the surface. Also off the coast out on the western platform we know that there are big zones of significant overpressure [2000+psi] so any discovery in those zones won’t be waiting on any downhole pump. And more significantly this latest well is a real stepout into the unknown so to use any rationale of “we have low pressure oil wells in NZ” to assess potential risk is crazy talk.