Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

NZ O&G Farms Into Canterbury Basin Permit

change text size

WELLINGTON - New Zealand Oil & Gas Ltd. said Thursday that it has acquired a 50% interest in an exploration permit for the Canterbury basin off the east coast of New Zealand's South Island from a subsidiary of Beach Energy Ltd. 

Financial details weren't disclosed for the deal, which will see the Wellington-based company become the operator of the permit once regulatory approval has been received. 

The Canterbury and Great South Basin are a major focus for conventional oil and gas exploration in New Zealand and drilling in an adjacent permit is scheduled for next year, the company said.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Most Popular Articles
From the Career Center
Jobs that may interest you
LPG Trading Manager
Expertise: Risk Management, Sales and Marketing
Location: Houston, TX
 
Control Panel Shop Supervisor
Expertise: Electronics Tech, Project Management
Location: Houston, TX
 
Paralegal
Expertise: Legal, Secretarial or Administrative
Location: Houston, TX
 
search for more jobs