Anadarko unlikely to test drill another Otago oil hole

Updated at 7:16 am on 12 March 2014

The oil company Anadarko says it is now very unlikely to drill a follow-up exploration well off the Otago coast. The Texan company has spent a month and 150-million-dollars drilling a deepwater hole about 60 kilometres from Dunedin in the untested Canterbury Basin.

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