The New Zealand Ministry of Economic Development and New Zealand Petroleum & Minerals has designated 23 blocks for bids due by Oct. 15, 2012.
Offshore staff
WELLINGTON, New Zealand –The New Zealand Ministry of Economic Development and New Zealand Petroleum & Minerals has designated 23 blocks for bids due by Oct. 15, 2012. The offshore blocks cover 40,198 sq. km. (15,520 sq. mi.). There are onshore blocks available out of the 23 total.
"The blocks cover a number of petroleum basins and a variety of environmental settings and resource types to attract a range of potential explorers with different expertise and interests," says David Binnie, general manager of NZPM.
"The blocks have been selected because there is a likelihood that they contain significant quantities of oil and gas."
