Oil explorer gets offshore ban escape route

Tue, 20 Oct 2020

Greymouth Petroleum can reapply for an oil exploration permit off the Taranaki coast where new exploration has been banned since 2018, thanks to a High Court decision.The company would also be allowed to seek a mining permit if it discovers a commercial oil or gas field there.Greymouth had applied in 2017 for a permit to explore the Okoki structure, west of Pohokura, the country’s biggest gas field. It had wanted permission to spend about $300,000 on geological studies, including reprocessing 393 square-kilometres of seismic data, with th...

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