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Petroleum Exploration and Geosciences Initiative (PEGI) Project
26 May 2010 - Crown Minerals has executed a contract with GNS Science for delivery of the Petroleum Exploration and Geosciences Initiative (PEGI) project, a major two year work programme aimed at the promotion of oil and gas exploration around New Zealand.
Crown Minerals' contribution to the cost of the project is $4,002,000. The Foundation of Research Science and technology has contributed approximately $3,600,000 to the project through past and present programme grants to GNS Science.
The project, which will be undertaken by GNS Science on behalf of Crown Minerals, comprises a suite of 14 individual but broadly inter-related projects to be delivered over the next 2 years, which are focused primarily on the Taranaki region, currently New Zealand's only producing region.
For more details of projects to be undertaken click here
Related links
Energy and Resources Minister Gerry Brownlee's announcement - Online Technical database - 2010 NZ Petroleum Conference
