DRILLING

STP sees gas at first NZ well

SINGAPORE'S STP Energy has encountered encouraging signs of wet gas at its first New Zealand well – the Awakino South-1 wildcat well off New Plymouth, Taranaki.

The company said the well, which was spudded by jack-up rig Ensco-56 in late August, was now more than 2913m towards a target depth of about 3400m. Preliminary analysis of the intermediate logging carried...

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