South Island drilling necessary part of emissions reduction - NZOG

Thu, 01 Nov 2018

By Gavin Evans Nov. 2 (BusinessDesk) - New Zealand Oil & Gas says the country needs to advance drilling off the South Island’s east coast to help reduce global emissions. The company is seeking drilling partners for two large permits it operates off the South Canterbury coast and in the Great South Basin south-east of Stewart Island. Chief executive Andrew Jefferies told shareholders today that both basins are highly prospective and likely to contain large gas deposits. “It’s that gas that can be used in the global energy system to...

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