NEW ZEALAND

Life breathed into Barque

NEW Zealand Oil & Gas and Beach Energy have won approval from the NZ government to extend the life of PEP 52717 in the offshore Canterbury Basin to allow them more time to study the giant wildcat Barque prospect.

Life breathed into Barque

Barque has been under the microscope by the partners for more than decade and, given the difficulty of getting a deepwater rig into the remote basin, the remaining partners are sweating the asset, hoping...

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