NEW ZEALAND

Maara-Manaia details out

OPERATOR OMV New Zealand has finalised more details regarding its next appraisal-development program for the offshore Taranaki Maari-Manaia oil field, though drilling may not start until a year from now.

Earlier this year minority partner Cue Energy Resources said the Maari-Manaia joint venture had already approved a second phase of appraisal and development for the field starting late this year or early...

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