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)

Tue, 05 Mar 2024

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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