Anadarko drops offshore oil prospect, still 'committed to NZ'

Pattrick Smellie
Fri, 09 Dec 2016

By Pattrick Smellie Dec. 9 (BusinessDesk) - Texas-based oil and gas explorer and producer Andarko has joined a string of other oil majors in dropping an exploration licence in lightly explored offshore areas of New Zealand, although continues to hold interests in two other areas. Anadarko has dropped its prospecting licence in the Pegasus Basin, offshore east coast of the lower North Island, but is continuing to reprocess seismic survey information from its Canterbury Basin prospect, where it is seeking a delay from the government on its...

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