10 new oil and gas permits awarded, little interest in greenfield basins

Mon, 10 Dec 2012

By Pattrick Smellie Dec 11 (BusinessDesk) - The government's second round of tenders for oil and gas exploration blocks has yielded 10 new exploration licences, including two in the previously unexplored Pegasus Basin to deep-sea exploration specialist Anadarko. The Pegasus Basin is south of the bottom tip of the North Island, and sees the Texas-based explorer adding to its existing suite of deep-sea territories in the Taranaki and Canterbury basins, both of which it plans to explore with a brand-new, purpose-built oil rig in the 2013/14 summ...

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