Todd gains exploration acreage in delayed block offer

Mon, 06 Apr 2020

Todd Energy has been granted another 105 square-kilometres of Taranaki to explore, almost two years after the government declared an end to offshore exploration as part of its climate change response.The new onshore acreage lies directly south of the company’s McKee-Mangahewa gas field. The 10-year permit, unusually, is effective immediately and requires the company to complete a range of studies before completing one well by April 2024.The permit granted today was the only new activity approved under the government’s 2018 block offer. It lies...

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