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NZOG granted new permit offshore north Taranaki
17 February 2010 - New Zealand Oil & Gas Ltd has been awarded a new exploration permit in the offshore north Taranaki Basin.
Sources: NZOG and Lindsay Clark
The Petroleum Exploration Permit 51988 covers 1,138 sq km immediately south of Todd Energy’s Karewa gas discovery and 50 km west of Kawhia Harbour. Todd has applied for a mining permit over Karewa.
NZOG will operate the Mangaa permit and holds a 100% stake.
The permit is located in an area adjacent and to the north of PEP 38491 containing the recently drilled Albacore prospect which encountered non-commercial traces of hydrocarbons.
Work programme for the permit calls for a possible acquisition of over 200 sq km of 3D seismic data and a well to be drilled within the first three years.
There is a large amount of existing seismic and well data on the licence gathered over 40 years by a range of operators, including Fletcher Challenge and Todd Energy.
NZOG chief executive David Salisbury said the permit is "a further step in the ongoing building of NZOG's exploration portfolio, targeting quality acreage that will generate a portfolio of prospects, from which to choose the best for drilling."
Related links
View current permits and recent applications received - More news - Taranaki Basin
