OMV drops permits, slashing remaining NZ acreage

OMV drops permits, slashing remaining NZ acreage
Gavin Evans
OMV and its partners have surrendered two major offshore permits, almost halving the country’s remaining exploration acreage in the process.The firm, operator of the Maui and Pohokura gas fields, is surrendering rights to 9,800 square-kilometres of ocean off the Wairarapa coast that it has held since late 2014. OMV and its partners Beach Energy and Mitsui & Co are also surrendering the 16,715 sqkm Great South Basin permit in which they unsuccessfully drilled the Tawhaki-1 well off the Otago coast earlier this year.The surrenders,...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024