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

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news