New Zealand makes first step in awarding new oil & gas exploration permits

New Zealand’s Energy and Resources Minister Simon Bridges on Monday announced the start of the Block Offer 2017 process for awarding oil and gas exploration permits.

Each year, the government of New Zealand runs the Block Offer in which companies are invited to tender for permits to explore for oil and gas in a specific area.

According to a statement on Monday by the New Zealand government, the consultation with iwi begins now and will begin with local authorities from October 17 in the areas being proposed for onshore and offshore exploration.

“This is an important first step in the Block Offer process. Feedback from iwi and local authorities ensures that any areas of sensitivity are identified and carefully considered before the tender round is finalized,” Bridges says.

Schedule 4 areas (including national parks and marine reserves) and World Heritage sites are excluded from the Block Offer process.

The consultation will take place on four proposed offshore areas, one proposed offshore/onshore area, and two proposed onshore areas, covering a total area of around 508,691 square kilometers.

“Since the Government adopted the annual Block Offer approach in 2012 we have attracted multiple experienced and capable operators to explore New Zealand’s potential. 

“I acknowledge the challenging low oil-price environment that industry is currently facing but we know commodity prices are cyclical. The Government remains committed to providing a stable and predictable regime.”

The consultation period for Block Offer 2017 runs until November 18, 2016. The final tender area will be announced in March next year.

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply