North of New Zealand opens doors again for oil

Northern Advocate April 4, 2014

This year's block offer excludes the area granted to Norway's Statoil last December.

This year’s block offer excludes the area granted to Norway’s Statoil last December.

A vast area of seabed off Northland’s west coast has again been opened up to oil exploration.

Energy and Resources Minister Simon Bridges announced this week that 405,000sq km of land and sea – including a barely explored 75,000sq km in the Reinga-Northland Basin – had been put up for tender to oil and gas companies.

The area up for exploration off Northland is basically the same block that was offered in 2013, minus about 10,000sq km where Norwegian oil giant Statoil was granted a 15-year exploration permit last December.

More: http://www.nzherald.co.nz/northern-advocate/news/article.cfm?c_id=1503450&objectid=11232100

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