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

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences.

Such is the power of the economic orthodoxy that when opposition parties arise – say, in the shape of the Greens – their “credibility” is measured by the extent to which they give the appearance of learning and abiding by the ruling consensus.

The tension between the desire for change – and the inability of the current political framework to deliver it – creates openings for populists of all stripes. It is what has made the emergence of Internet Mana so interesting. More>>

 

Parliament Today:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news