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

 


NZ Government announces Petroleum Block Offer 2014 tender

2 APRIL 2014


New Zealand Government announces Petroleum Block Offer 2014 tender
The New Zealand Government has launched Petroleum Block Offer 2014.

Five offshore and three onshore areas totalling over 405,000 square kilometres have been put out for the international offer.

National Manager Petroleum at New Zealand Petroleum & Minerals, Kevin Rolens, says the release areas comprise a range of exploration opportunities, spanning well-explored areas through to frontier regions where little or no exploration has taken place.

The offshore areas being tendered in Block Offer 2014 are:

• Reinga-Northland Basin (North Island) – 75,190.50 km²
• New Caledonia Basin (North Island) – 49,051.79 km²
• Taranaki Basin (North Island) – 54,920.92 km²
• Pegasus-East Coast Basin (North Island) – 75,009.04 km²
• Great South & Canterbury Basin (South Island) – 141,755.68 km²

The onshore areas being tendered in Block Offer 2014 are:

• East Coast Basin (North Island) – 1,341.43 km²
• Taranaki Basin (North Island) – 1,159.03 km²
• West Coast Basin (South Island) – 6,752.19 km²

“The response to Block Offers over the past two years has demonstrated that New Zealand presents a compelling proposition for international investors in the oil and gas sector,” Mr Rolens says.

“The Block Offer is an important part of developing New Zealand’s future oil and gas reserves, and to promoting a stable path to oil and gas production. It enables the government to strategically manage exploration interest.”

The tender opens today and closes on 25 September. Block Offer 2014 will be the third time the Government has used the annual competitive tender round to grant permits for oil and gas exploration.

The government expects to award exploration permits for Block Offer 2014 in December 2014.

Data packs, containing more than 239,000km of 2D and 11,000km² of 3D seismic data, can be ordered through the NZP&M website.

The pack also features a broad range of information including open-file seismic and well data, a range of GIS and workstation projects, interpretation projects, reports and studies.

Click here for more information on Block Offer 2014.



Nominations open for Block Offer 2015
New Zealand Petroleum & Minerals has opened nominations for Block Offer 2015. Interested parties are invited to nominate areas of interest (such as a basin or sub-basin) you would like us to release for tender. Nominations should be on the basis of prospectivity and should provide some evidence to support the nomination.

Nominations close on 3 June. All nominations are confidential. There is no guarantee that nominated areas will be included in the proposed or final block selection of future Block Offers. Parties that make a nomination are not obliged to bid on the area or areas they nominate.

Proposed release areas will be selected based on prospectivity and likely commercial interest. New Zealand Petroleum & Minerals will then consult with iwi, hapū and local authorities on the proposed release areas. Final Block Offer 2015 release areas will be announced in April 2015.

Click here for information on making a nomination.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

The Kids: OECD Report Shows Huge Impact Of Poverty On Education

A new report from the OECD has again highlighted the negative effects of poverty, showing that disadvantaged children in New Zealand are more than six times more likely to underachieve in maths than children from wealthier homes. More>>

ALSO:

Pacific: NZ Pledges $500,000 To Help Address Zika

“With the Zika virus now confirmed in a number of Pacific countries, New Zealand is committed to helping limit the impact and spread of the virus in the region,” says Mr McCully. “New Zealand will provide $250,000 as a contribution to the WHO to implement the Pacific Zika Action Plan, and a further $250,000 to enable countries in the region to respond rapidly if required." More>>

ALSO:

Labour: Police Commissioner 'Doesn’t Get Force Needs'

The Police Commissioner has let down the public and his own force by insisting the police have what they need despite it taking a year to solve a burglary and overwhelming number of officers saying they are under-resourced, says Labour’s Police spokesman Stuart Nash. More>>

ALSO:

Gordon Campbell: On The US Pressure To Expand Our Role In Iraq

Foreign news services are being more forthcoming about what the “next 12 months” will entail – essentially, the defence ministers will be under US pressure to increase their “training” role preparatory to an assault on the city of Mosul in northern Iraq. More>>

ALSO:

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news