EXPLORATION

Anadarko makes NZ moves

UNITED STATES major Anadarko has entered the New Zealand exploration scene, taking a 50% stake in Origin Energy's offshore Canterbury licence PEP 38262, which contains the promising and potentially huge Carrack-Caravel structure.

Origin announced the farm-in this morning, saying Anadarko had agreed to fund the first $US30 million ($A33.6 million) of the cost of drilling an exploration well to test the prospect. Origin and Anadarko...

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