Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Govt secures exploration data with Court settlemt

10 November 2006

Media Release

Government secures exploration data with Court settlement

The Government, ExxonMobil and Fugro-Geoteam AS have today settled a dispute in relation to the provision of seismic data to the Crown in relation to acreage in the Great South Basin. Adam Feeley, Group Manager of Crown Minerals said:

“I believe this is a good outcome for the Government, ExxonMobil and Fugro, as well as everyone else in the exploration industry, and it preserves the Crown’s interest in obtaining a copy of all data acquired from exploration activities in New Zealand.”

In early 2004, Fugro had undertaken a seismic survey on behalf of two then exploration permit holders - Bounty Oil & Gas and Magellan Petroleum - but they did not pay Fugro for that survey.

Fugro subsequently sold the data to ExxonMobil in May 2005.

An issue then arose as to whether the Crown was legally entitled to a copy of the data, with proceedings being issued by ExxonMobil and Fugro against the Crown in order to clarify the position.

Under the settlement reached today ExxonMobil has agreed to provide the Crown with a copy of the data on a confidential basis and the Crown recognises that ExxonMobil and Fugro have acted in good faith throughout. If ExxonMobil is awarded a permit in the permit area the data will remain confidential in accordance with the permit terms and the Crown Minerals regime. If not the Crown may disclose it after 5 years. ExxonMobil has though agreed to offer a copy of the data to any successful bidders, in areas to which the data relates, on reasonable commercial terms.

Mr Feeley said:

“From discussions officials have had across industry, and as a result of this settlement, I am in no doubt that there continues to be high levels of confidence in the fairness and transparency of the New Zealand allocation process, and we are looking forward to a very competitive and successful blocks offer in the Great South Basin.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news