Beach permit surrender ends South Island exploration

Thu, 21 Jan 2021

Beach Energy and its partners have surrendered their 14,380 square-kilometre exploration permit off the South Island — effectively ending any offshore exploration outside Taranaki. Beach, which operates the Kupe gas field in Taranaki, had been planning to drill the Wherry well about 150 kilometres east of Oamaru later this year. But in November, the venture opted not to seek the remaining consents it needed for the project and said it would discuss the future of the permit — PEP 38264 — with the government.But the venture...

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