One new oil and gas exploration permit granted

One new oil and gas exploration permit granted
Will changes to policy settings result in more oil and gas rigs in New Zealand waters? (Image: NZME)
Ian Llewellyn
One onshore oil and gas exploration permit has been granted in what was set to be the last tender under the previous government’s policy settings.Greymouth Gas Turangi won a permit under the tender process known as Block Offer 2020. That was the date the process started in what used to be an annual competitive tender process.Greymouth was granted a 10-year exploration permit covering 61.9 square kilometres northwest of Stratford in onshore Taranaki.Greymouth Gas Turangi is owned by Greymouth Petroleum Mining Group. The Greymouth group of...

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