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

 


Oil and gas Block Offer 2013 gets under way

Hon Phil Heatley
Minister of Energy and Resources

8 November 2012

Oil and gas Block Offer 2013 gets under way

Energy and Resources Minister Phil Heatley has welcomed the start of the Block Offer 2013 process for awarding oil and gas exploration permits.

The Ministry of Business, Innovation and Employment today released the proposed areas for onshore and offshore exploration – in Northland, Taranaki, the East Coast, Canterbury and Southland – and has started consultation with relevant iwi and councils.

“Oil and gas happily co-exist with agriculture and tourism in Taranaki to everyone’s benefit. The same formula can work just as well in other areas, growing the local and national economies,” Mr Heatley said.

“The existing oil and gas operations in Taranaki contribute $2 billion to our GDP and support over 5000 jobs in the region, underpinning what has become a very vibrant community.

“At national level, New Zealand’s current share of annual revenue is typically $400 million in royalties and $300 million in company tax. This equates to 42 per cent of company profit over the life cycle of an operation.

“We don’t necessarily expect exploration to be undertaken in all the blocks on offer, but we need to find out what’s out there and use that information to further develop New Zealand’s resource wealth.

“I encourage iwi and councils to participate in this process. Their feedback ensures that areas of sensitivity are carefully considered before the areas to be tendered are finalised.”

2013 will be the second year in which the Government will use a block offer annual competitive tender process to allocate permits for oil and gas exploration. Block offers replaced the Priority in Time (first-in first-served) process used in previous years.

The ministry is consulting with relevant iwi and councils between 9 November 2012 and 30 January 2013.

A map of the proposed blocks is available here.

Further information on Block Offer 2013 is available at www.nzpam.govt.nz/cms/petroleum/block-offers.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news