Policy

Chevron, Equinor depart NZ exploration scene

Gavin Evans
Tue, 18 Jun 2019

By Gavin Evans June 18 (BusinessDesk) - Chevron and Norwegian oil giant Equinor have opted to abandon their joint exploration efforts off the east coast of the North Island. The two firms have applied to surrender three permits they were granted in December 2014. The acreage covers more than 25,000 square-kilometres of ocean – roughly a quarter of the country’s active exploration portfolio – and stretches from south-east of Turakirae Head on the southern Wairarapa coast, north towards Hawke’s Bay. The permits were granted for 15-year t...

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