Celebrating 25 Years of Scoop
Special: Up To 25% Off Scoop Pro Learn More
Parliament

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

 

Exploration activity increases in Canterbury Basin

Hon Harry Duynhoven
Associate Minister of Energy


8 November 2006
Media statement

Exploration activity increases in Canterbury Basin


Associate Energy Minister Harry Duynhoven today announced that Origin Energy has been awarded a large petroleum exploration permit in the offshore Canterbury Basin.

The 38,260 square kilometre permit is located in the outer Canterbury Basin and is adjacent to Origin's other exploration permit in the Basin.

“Increased investment by Origin and other companies in the Canterbury basin confirms that exploration companies continue to see opportunities for investment in oil and gas exploration beyond the Taranaki Basin,” Harry Duynhoven said.

Origin Energy is an Australian based company and holds a 51 per cent interest in Contact Energy, New Zealand's largest publicly listed energy company.

Aside from the two exploration permits that Origin now holds in the Canterbury Basin, the company also holds a 50 per cent interest in the Kupe project as well as interests in four other exploration permits in the Taranaki Basin.

Harry Duynhoven said that the proposed work programme will see Origin acquire a minimum of 2,000 km of 2D seismic data within three years, and drill an exploration well within four years.

“Today's announcement, and the continued high level of interest in the Great South Basin, reflect the current pace and high level of confidence shown by exploration companies in New Zealand,” Harry Duynhoven said.

Further information on the permit, including location maps, can be obtained from the Crown Minerals website: www.crownminerals.govt.nz


ENDS

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.

© Scoop Media

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

 
 
 
 
 
 
 

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.