NZ Oil and Gas to give up final permit

Wed, 10 Mar 2021

New Zealand Oil & Gas has “reluctantly” applied to relinquish the last of its NZ exploration permits – permit 55794 which contains the Kaipatiki prospect.“We have exhausted all avenues to find a potential partner to progress drilling this acreage and so reluctantly relinquish,” said chief executive Andrew Jefferies.According to Jeffries, the “same confluence of events that led us to relinquish our Clipper permit: adverse regulatory settings for offshore exploration; the dry hole at OMV’s Tawhaki per...

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