Shell postpones summer drilling in Great South Basin

Pattrick Smellie
Wed, 30 Sep 2015

By Pattrick Smellie Sept. 30 (BusinessDesk) - Global oil company Shell's New Zealand arm has postponed plans to drill an exploration well over the summer in the lightly explored Great South Basin, south of the South Island, where oil companies have looked for deep sea oil and natural gas sporadically since the 1960s. A joint venture involving Shell, Austrian oil and gas company OMV and Japan's Mitsui won the right to drill an exploratory well in Petroleum Exploration Permit 54863, in the Great South Basin in the 2012 government block offe...

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