Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Deep-sea exploration consents won’t require public hearings

Govt confirms deep-sea exploration consents won’t require public hearings

By Pattrick Smellie

Feb 27 (BusinessDesk) – Deep-sea oil exploration resource consent applications won’t require public hearings, but will not be automatically ticked through, Environment Minister Amy Adams has announced.

The decision over-rides the objections of environmental groups, who wanted all deep-sea drilling to be notified for public input, but which offshore drillers say would add time and complexity that could stifle a low-risk activity.

However, exploration applications will be treated as “discretionary” rather than “permitted” activities.

Oil and gas explorers seeking to drill production wells would be required to seek resource consents from the Environmental Protection Authority under the new regulations governing the Exclusive Economic Zone, since they would be long-lasting installations and carry higher risks of environmental impact.

“The non-notified discretionary classification is the pragmatic option for exploratory drilling, and will provide a level of regulation proportionate to its effects,” Adams said in a statement. “The classification will provide effective oversight and environmental safeguards without burdening industry with excessive costs and timeframes.”

As a distant location with relatively small amounts of offshore oil and gas exploration, explorers must book their high-cost drilling rigs in available “windows” of time, which could easily be disrupted by the potential unpredictability of consenting processes.

Exploratory drilling generally lasts only a matter of weeks.

“The EPA will fully assess the effects of the activity on the environment and existing interests,” said Adams. “If a marine consent is granted, the EPA can impose such conditions as it thinks necessary to properly manage any adverse effects of the activity.

“Obtaining a marine consent to drill an exploratory well does not give the consent holder the right to begin producing oil or gas.”

The decision follows a seven-week consultation period, with the new regulations in effect from Feb 28.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news