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

 


Govt awards 10 new oil and gas permits

Hon Simon Bridges

Minister of Energy and Resources

5 December 2013       Media Statement       

Govt awards 10 new oil and gas permits

Energy and Resources Minister Simon Bridges today announced the award of ten new oil and gas exploration permits as a result of Block Offer 2013.

The permits include five onshore permits across Taranaki and the East Coast and five offshore permits across the Reinga-Northland, Taranaki, and Great South-Canterbury Basins.

Collectively the permits represent approximately $62 million in committed expenditure on initial exploration which, if successful, could lead to further exploration work worth up to $720 million.

Mr Bridges says the results show New Zealand is firmly on the map as a key destination for investors in oil and gas exploration. 

“Block Offer 2013 attracted three new international companies to explore here, as well as expanded interest from companies already operating in New Zealand.”  

Permits were awarded to:
•          Statoil Lambda Netherlands BV (new): One offshore Reinga-Northland permit
•          Woodside Energy Holdings (new) and New Zealand Oil & Gas: Two offshore permits, Taranaki and Great South Basin South-Canterbury
•          New Zealand Oil & Gas: One offshore Great South Basin South-Canterbury permit
•          Octanex NZ: One offshore Taranaki permit
•          AWE NZ & Mitsui: One onshore Taranaki permit
•          TAG Oil NZ: One onshore Taranaki permit
•          Eastern Petroleum & East West Petroleum: One onshore East Coast permit
•          Petrochem: One onshore Taranaki permit
•          Mont D’Or (new): One onshore East Coast permit

“The award of exploration permits today is another important step toward unlocking New Zealand’s oil and gas potential, both on and offshore,” says Mr Bridges.

“Today’s announcement comes as we kick off one of the country’s largest oil and gas exploration seasons, with 13 wells being drilled offshore and around 30 onshore.  On conservative estimates the industry is expected to spend $600 million to $755 million.

“The Government is committed to developing our oil, gas and mineral resources in a sensible, safe and environmentally responsible way.  Block Offer 2013 is delivering on that,” Mr Bridges says.  

Information on the permits awarded and the Block Offer 2013 process is available at:http://www.nzpam.govt.nz/cms/petroleum/block-offer/2013-awards

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Drone Strikes And Judith Collins‘ Last Stand

The news that a New Zealand citizen was killed last November in a US drone attack in Yemen brings the drones controversy closer to home.

To the US, drones are a legitimate response to the threat posed by the al Qaeda organisation and its franchisees... To the US, the drones carry the added advantage of not putting US troops at risk on the ground, and minimises the need for putting them in large numbers in bases in the countries concerned, always a politically sensitive point.

The counter-argument, well articulated by security analyst Paul Buchanan on RNZ this morning, is that this particular drone attack can be said to amount to an extra-judicial execution of a New Zealand citizen by one of our military allies, in circumstances where the person concerned posed no threat to New Zealand’s domestic security. More>>

 

Parliament Today:

Policies: Labour’s Economic Upgrade For Manufacturing

Labour Leader David Cunliffe has today announced his Economic Upgrade for the manufacturing sector – a plan that will create better jobs and higher wages. More>>

ALSO:

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy. More>>

ALSO:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news