Anadarko Petroleum Corp. announced on Feb. 4 that the Romney 1 well in the Deepwater Taranaki basin successfully and safely reached its total-depth objective of 1,154 feet (4,619 m), and was found to be water-bearing, said David Robinson, CEO of New Zealand's Petroleum Exploration and Production Association.
“Finding commercial quantities of oil and natural gas is no easy feat. A lot has been made of the proposed risks associated with drilling in deep water – yet the facts are, just because you drill does not mean you will find hydrocarbons," Robinson said in a statement.
“Opponents of the oil and gas industry have campaigned on the idea that drilling a well in deep-water automatically means oil and the risk of an incident. Anadarko debunked their myths, and show the truth behind oil and gas industry – and that is oil and gas are really hard to find.
The well, drilled by Noble Bob Douglas (UDW drillship) in 5,085 feet (1550 m) of water, did not encounter commercial quantities of oil or natural gas but Anadarko insists that the data collected from the well will be very useful in determining future activity.
“We would like to congratulate Anadarko for operating to the highest standards, and safely and responsibly drilling the Romney 1 well, although no major discovery was found, their commitment to world class industry standards must be commended.
Anadarko and its partners in the project will plug and abandon the well in accordance with New Zealand’s regulations.
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