Anadarko strikes out at New Zealand offshore well

Anadarko Petroleum (APC) is unsuccessful after its wildcat Romney-1 well drilled in the Taranaki basin off New Zealand hits only water.

The well, drilled in 5,085 feet of water, did not encounter commercial quantities of oil or natural gas but APC insists that the data collected will be useful in determining future activity.

The Romney well had sparked a backlash from environmentalists who claimed deepwater drilling is inherently unsafe.

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