Norwegian oil giant Statoil takes stake in NZ exploration territory

Wed, 04 Dec 2013

By Pattrick Smellie Dec. 5 (BusinessDesk) - Government efforts to entice major global oil and gas producers to New Zealand has borne fruit, with Norway’s state-owned Statoil and Australian heavyweight Woodside Petroleum winning exploration licences in the latest permit awards, announced at Parliament. A total of 10 exploration licences have been granted, five offshore and five onshore, the same number as last year and sees intensified exploration in the Great South Basin, where two new licences have been awarded. Statoil will undertake seism...

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