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New Zealand government announces 2014 block offer

The New Zealand government has put out to tender five offshore and three onshore areas totalling over 405,000 sq km under the recently launched Petroleum Block Offer 2014. The release areas comprise a range of exploration opportunities, spanning well-explored areas through to frontier regions where little or no exploration has taken place.
 
The offshore areas being tendered are located in North Island’s Reinga-Northland, New Caledonia, Taranaki and Pegasus-East Coast basins and South Island’s Great South & Canterbury Basin. The onshore areas are situated in North Island’s East Coast and Taranaki basins, and South Island’s West Coast Basin.
 
The tender closes on 25 September 2014, with exploration permits expected to be awarded in December 2014.

News Item details


Journal title: Petroleum Review

Countries: New Zealand -

Subjects: Exploration and production

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