EXPLORATION

NZ block offer an abject failure

NEW Zealand has been losing offshore explorers hand over fist in recent weeks, with the likes of Statoil quitting frontier areas, and Block Offer 2016 has just closed as an abject failure with just 219sq.km awarded.

 PEP 60273.

PEP 60273.

Even the usually solid Taranaki Basin, NZ's only producing basin, put in a poor showing.   Local oiler Todd Energy was the only company to successfully apply for a block, with NZ  Energy Minister...

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