NZOG drops Kaheru permit off Taranaki

New Zealand Oil & Gas has informed that the joint venture in PEP 52181 (Kaheru), offshore South Taranaki, has submitted an application to surrender the permit.

New Zealand Oil & Gas, the operator, announced in February that economic conditions could not support drilling the prospect before the commitment date of May 2016.

Therefore, after exploring options to defer or amend work obligations, the joint venture has submitted to the regulator an application to surrender the permit.

The permit is held by New Zealand Oil & Gas which holds 35% interest, TAG Oil with 40%, and Beach Energy with 25% interest.

The Kaheru prospect lies in 25 metres of water, about 12 kilometres offshore from the Patea River mouth in South Taranaki.

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 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

Uganda International Oil and Gas Summit 2019

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

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

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

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