PREMIUM FEATURES

Reserves growth clear winner for NZ in 2009

THE undoubted highlight of 2009 for the New Zealand petroleum sector was the effective doubling of recoverable reserves, to about 100 million barrels, at the Maari-Manaia oil fields, offshore Taranaki.

The Ensco 107 jack-up rig started the Maari development drilling campaign for operator OMV and partners Todd Energy, Horizon Oil and Cue Energy Resources in late 2008, with first oil flowing last February....

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