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 Budget 2022

At base, the political biffo back and forth on the merits of Budget 2022 comes down to only one thing. Who is the better manager of the economy and better steward of social wellbeing – National or Labour? In its own quiet way, the Treasury has buried a fascinating answer to the “who’s best at running an economy during a crisis?” question, at page 57 of the Fiscal Strategy section...


Government: Helps Supermarket Shoppers Get A Fair Deal
Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

Budget 2022: A Secure Future In Difficult Times
Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures... More>>


Budget: Climate Investments Provide Path To Economic Security
The Government is investing in New Zealand’s economic security by ensuring climate change funding moves away from short-term piecemeal responses and towards smart, long-term investment... More>>


National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>

Classification Office: Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
The livestream video of yesterday’s mass shooting in the United States has now been banned, Acting Chief Censor Rupert Ablett-Hampson announced this morning. The decision follows on from his decision yesterday to call in and ban the ‘manifesto... More>>

Borders: New Zealand Poised To Welcome International Students Back
New Zealand is fully reopening to international students and the Government is committed to help reinvigorate and strengthen the sector, Education Minister Chris Hipkins said today... More>>




InfoPages News Channels