Anadarko unlikely to test drill another Otago oil hole
Updated at 7:16 am on 12 March 2014
Originally aired on Morning Report, Wednesday 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.