Anadarko gives up on Pegasus hunt

NEW Zealand is still facing the twin dilemmas of declining oil production and exploration interest despite being recognised as one of the best most attractive places to invest in Oceania.

Anadarko gives up on Pegasus hunt Anadarko gives up on Pegasus hunt Anadarko gives up on Pegasus hunt Anadarko gives up on Pegasus hunt Anadarko gives up on Pegasus hunt

Mt Taranaki

The latest blow to exploration in NZ is a decision by US independent Anadarko to join Norway's Statoil in stepping away from frontier exploration.