Block Offer 2016 nominations open
Minister of Energy and Resources Simon Bridges has announced industry nominations for Block Offer 2016 are open.
Companies are invited to nominate areas that they would like to see released for the Block Offer. Nominations should be on the basis of prospectivity and provide evidence to support the nomination.
Nominations close on close 22 May, 2015. All nominations are confidential.
We do not guarantee that nominated areas will be included in the proposed or final block selection of future Block Offers. Parties that make a nomination are not obliged to bid on the area or areas they nominate.
Proposed release areas will be selected based on prospectivity and likely commercial interest.
New Zealand Petroleum & Minerals will then consult with iwi, hapū and local authorities on the proposed release areas.
Final Block Offer 2016 release areas will be announced in early 2016.