NZOG gains three-year extension at Barque

Tue, 09 Apr 2019

By Gavin Evans April 9 (BusinessDesk) - New Zealand Oil & Gas has been granted a three-year extension on its drilling programme in the Canterbury basin. The firm had been due to drill the Barque prospect – a 150 square-kilometre structure about 60 kilometres off the coast from Oamaru – by June 2020. A drilling commitment was due this week but has now been extended by Energy and Resources Minister Megan Woods until April 2022. Chief executive Andrew Jefferies said the company and partner Beach Energy will keep a close eye on other permi...

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