EXPLORATION

AWE trims NZ acreage again

AWE continues to consolidate its New Zealand exploration acreage after last year's unsuccessful four-well Kan Tan IV campaign, this time surrendering offshore Taranaki lease PEP 51321.

According to the government's Petroleum and Minerals unit, AWE has surrendered PEP 51321 (Kahurangi), which it won about three years ago but has given away without drilling an exploration well. One of...

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