Oil and gas block offer results due next Tuesday

Thu, 06 Dec 2012

Dec. 6 (BusinessDesk) - Energy Minister Phil Heatley is set to announce the results of this year's block offer for oil and gas exploration permits on Tuesday next week, and government officials are confident more activity will follow in the coming years. General manager of New Zealand Petroleum and Minerals David Binnie told Parliament's commerce committee the 2012 'block offer' will be announced next week, and that officials are halfway through the 2013 tender. Next week's announcement will canvas blocks covering approximately 40,285 square...

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