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OMV New Zealand Limited has commenced drilling operations on the Moana 1 exploration well in permit PEP 38485 offshore New Zealand. Diamond Offshore's semisub, Ocean Patriot, is drilling the well which has a proposed total depth of 3,995 meters.
PEP 38485 covers an area of 2,798 square kilometers in the Taranaki Basin. The permit was awarded to OMV in the 2003 Onshore/Offshore Block Offer.
Partners is the permit are OMV New Zealand as operator with 33.3334%; Origin Energy with 33.3333% and Todd Petroleum Mining Company with the remaining 33.3333%.
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