Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

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

 

Oil and Gas Block Offer 2015 announced

Oil and Gas Block Offer 2015 announced


Energy and Resources Minister Simon Bridges has launched Block Offer 2015, the annual tender for oil and gas exploration permits.

“In 2012 the Government introduced the Block Offer regime which provides an efficient and transparent process for oil and gas permitting, and each year has attracted investment from experienced and capable operators.

“Block Offer 2015 includes three onshore release areas: one in the Taranaki Basin and two in the West Coast Basin. There are four offshore release areas, in the Reinga-Northland Basin, Taranaki Basin, Pegasus Basin, and Great South-Canterbury Basin,” Mr Bridges says.

The total acreage included in the tender is 429,298 square kilometres. This includes 4,093 square kilometres onshore and 425,205 square kilometres offshore.

“New Zealand has built a strong, world-class regulatory framework to provide for economic opportunities, while also ensuring the necessary environmental and safety protections. The process for awarding permits is rigorous.

“Oil is our fourth largest export, and brings in around $700 million each year in royalties and taxes. This money is invested back into our communities in key infrastructure projects like roads, schools and hospitals.

“It is clear that companies are seeking frontier acreage and long-term opportunities like those which New Zealand has to offer, and this Government remains committed to attracting major international companies to invest in exploration and development in this country,” he says.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

The tender announcement follows consultation with iwi and local authorities. The tender will close on 30 September 2015. Permits for Block Offer 2015 will likely be granted in December 2015.

More information on the release areas and the Block Offer process is available at

http://www.nzpam.govt.nz/cms/about-nzpam/news/current-news/block-offer-2015-release-areas-announced


ends

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Dune 2, And Images Of Islam


Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture tends to be hostile to Islam when we’re sitting in the dark, with popcorn.
Any number of movie examples come to mind, beginning with Rudolf Valentino’s role (over a century ago) as the romantic Arab hero in The Sheik...
More


 
 


Government: One-stop Shop Major Projects On The Fast Track

The Coalition Government’s new one-stop-shop fast track consenting regime for regional and national projects of significance will cut red tape and make it easier for New Zealand to build the infrastructure and major projects needed to get the country moving again... More

ALSO:


Government: GPS 2024: Over $20 Billion To Get Transport Back On Track
Transport Minister Simeon Brown has released the draft Government Policy Statement (GPS) on Land Transport, outlining the Coalition Government’s plan to build and maintain a transport system that enables people to get to where they need to go quickly and safely... More

ALSO:

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.