NZOG rekindles interest in onshore oil and gas exploration

Wed, 22 Aug 2012

By Pattrick Smellie Aug. 22 (BusinessDesk) - Recent successes in onshore oil exploration are pushing New Zealand Oil & Gas to assess bidding for exploration blocks or farm-ins with existing players in its quest for a more diverse earnings stream than its traditional reliance on offshore Taranaki oil and gas plays. Chief executive Andrew Knight stopped short of criticising the company's previous management for abandoning onshore opportunities about a decade ago, but said a local onshore component in the NZOG portfolio could "provide some of th...

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