Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Swain emphasises the positive in meeting with OPEC

Tuesday, 26 February 2002 Media Statement

Swain emphasises the positive in meeting with OPEC Secretary General

Associate Energy Minister Paul Swain has welcomed OPEC Secretary General Dr Ali Rodriguez-Araque to New Zealand for the New Zealand Petroleum Conference this week.

Paul Swain met with Dr Rodriguez-Araque in Auckland last night. He said it’s a great honour to have the OPEC Secretary General in New Zealand and he looked forward to strong relations with OPEC countries.

In his address to the Petroleum Conference Paul Swain said the exploration future looked bright for New Zealand.

“I am particularly excited by petroleum exploration developments in Taranaki,” Paul Swain said, “we have come on in leaps and bounds in the two years since I last addressed this conference in Christchurch.

“At the 2000 conference I congratulated Swift Energy, Marabella Enterprises and Antrim Oil and Gas on the potential of the Rimu discovery. Now just two years later, I have granted a mining permit over Rimu and this discovery is about to come on stream. Swift, via a recent asset purchase, has gone from being a new entrant in New Zealand to a company with significant producing assets.

“And in 2000 I talked about the exciting new Pohokura discovery, today we are hearing about development options costing up to $900 million with the first gas expected ashore in January 2005.

“Right now the industry is enjoying remarkable success. The upturn in drilling activity over the last few years has given way to a number of commercial discoveries. When brought into production these latest discoveries will double New Zealand’s remaining reserves of oil and condensate to over 200 million barrels.

“And for the first time New Zealand has ranked in the top 20 most attractive countries for petroleum exploration in the IHS Energy Group’s country survey. Since 1999 New Zealand has jumped 20 places to be 17th out of 103 countries.

“At the conference I touched on two issues of concern to the industry – Kyoto and Oceans Policy.

“Policy development on these issues is being done in extensive consultation with the industry.

“I emphasised to the companies and individuals gathered there that it is imperative that the government receives robust submissions from them so that industry views are taken into account as the government develops policy in this area,” Paul Swain said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election