Parliament

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

 

Minister opens Onshore Taranaki Basin Blocks Offer

3 December 2007

Minister opens Onshore Taranaki Basin Blocks Offer

Associate Energy Minister Harry Duynhoven today announced one of the largest onshore blocks offers in recent years, in opening the Onshore Taranaki Basin Blocks offer.

Nine petroleum blocks are being offered and represent a total area of approximately 3,273 square kilometres.

“With oil prices at near record levels it is important that we maximise the potential for new exploration investment.

“A large area has been aggregated in recent years in Taranaki to provide explorers with blocks of material size that contain a broad range of exploration opportunities.

“The size of the blocks and their underlying prospectivity has already attracted interest from a variety of local and overseas exploration companies. Some of these companies bring with them the type of experience required to unlock the deep gas plays which are considered to be under explored,” Mr Duynhoven said.

The blocks offer is being supported by a large and modern technical data package which will be made freely available to explorers from today.

“While the New Zealand Energy Strategy emphasises a renewable energy future, it also recognises that more gas still needs to be found to fuel current thermal baseload and peaking plant for electricity generation, as well as industrial and residential uses.

“The blocks offer will provide significant opportunities to discover and develop new sources of gas for domestic use, as well as oil to assist New Zealand’s energy future and economic growth,” Mr Duynhoven said today.

The bidding round will close on 30 May 2008.

Details of the blocks offer, including location maps, terms and conditions, and free technical data, can be obtained from the Crown Minerals website: http://www.crownminerals.govt.nz/cms/petroleum/blocks-offers/onshore-taranaki-petroleum-blocks-offer

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Raising Corporate Taxes Has Become A Hot New Political Cause

Surprisingly, “raising taxes” has become a very fashionable political idea in 2021. That’s right. After decades of being seen (at best) as a necessary evil, higher corporate taxes are now being treated as the Great Good Thing that will revive the US economy, re-distribute wealth productively, help to build neglected and decaying public infrastructure, fund public health, address social inequality, restore a sense of community and generally make everyone feel better about the society in which they live... More>>

 

Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Government: Independent Experts To Advise On Post-Vaccination Future

The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination ... More>>

Travel: Trans-Tasman Bubble To Start 19 April

New Zealand’s successful management of COVID means quarantine-free travel between New Zealand and Australia will start on Monday 19 April, Prime Minister Jacinda Ardern announced today. Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris ... More>>

ALSO:


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>

Finance: Crown Accounts Again Better Than Forecast

Hon Grant Robertson Minister of Finance The economic recovery from COVID-19 continues to be reflected in the Government’s books, which are again better than expected. The Crown accounts for the eight months to the end of February 2021 showed both OBEGAL ... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels