Block Offer 2019
Two onshore petroleum exploration permits have been granted for Block Offer 2019.
The successful bidders were Greymouth Gas Turangi Limited (Greymouth) and Riverside Energy Limited (Riverside).
Greymouth Gas Turangi Limited
Greymouth has been granted a 10-year petroleum exploration permit for an area south-east of New Plymouth in the onshore Taranaki Basin.
PEP 60749 covers an area of 52km2.
Greymouth Gas Turangi Limited is owned by Greymouth Petroleum Mining Group Limited. The Greymouth group of companies has been operating in New Zealand since 2000, and currently operate five petroleum mining permits in Taranaki.
Riverside Energy Limited
Riverside has been granted a 10-year petroleum exploration permit for an area east of Eltham, in the onshore Taranaki Basin.
PEP 60742 covers an area of 53km2.
Riverside Energy Limited is a New Zealand company with US-based shareholders. This is the first permit it has been granted in New Zealand.