EXPLORATION

Primary target dry in Hoki-1

NEW Zealand's most isolated well – Hoki-1, on the edge of the continental shelf off Taranaki – has failed to find any hydrocarbons in the main target zone, the Cretaceous-aged North Cape reservoir sequence.

Minority partner New Zealand Oil & Gas today said that Hoki-1 had intersected the North Cape Formation sands overnight but there were no indications of hydrocarbons. NZOG said it was expected that over...

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