NZ Seeks Bids for Second Lot of Oil, Gas Exploration Permits

by Dow Jones Newswires|Arpan Mukherjee|Sunday, April 28, 2013

WELLINGTON, New Zealand – New Zealand’s second ever offer of onshore and offshore oil and gas exploration permits opens for bidding on May 24, Energy and Resources Minister Simon Bridges said on Monday.

The offer “presents a range of promising opportunities for investors and operators who bring with them knowledge and experience in global exploration and production of oil and gas,” Mr. Bridges said in a statement.

On offer are six onshore and onshore blocks in Taranaki on the west coast of North Island and two onshore blocks on the east coast of North Island. Permits are expected to be awarded by the New Zealand Petroleum and Minerals in December.

Last December the government awarded 10 oil and gas exploration permits to local and overseas companies in the country’s first offer. Those awarded permits were Anadarko Petroleum Corp., OMV New Zealand–which is part of OMV AG –New Zealand Oil & Gas, Shell New Zealand, Todd Exploration, Cue Taranaki, Tag Oil and New Zealand Energy Corp.

 

Copyright (c) 2013 Dow Jones & Company, Inc.

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About artidj

I started working as a field engineer in Oil & Gas industry back in 1996. I do this news clipping of the industry and the geography I am interested in, mainly for my own information. I'm glad you find it useful.
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