NZOG Submits Application to Exit Kaheru PEP 52181

New Zealand Oil & Gas announced Wednesday that the joint venture partners in PEP 52181, offshore South Taranaki, have submitted an application to exit the permit.

Operator New Zealand Oil & Gas announced in February that economic conditions could not
support drilling the prospect before the commitment date of May 2016. After exploring options to defer or amend work obligations, the joint venture has submitted to the regulator an application to surrender the permit.

The permit is held by New Zealand Oil & Gas, which holds a 35 percent operated interest, TAG Oil, which holds a 40 percent interest, and Beach Energy, which holds the remaining 25 percent interest.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Mermaid Secures $11M in Subsea Contrac... (May 30)
 -  Sembcorp Marine Delivers Newbuild Maer... (May 30)
 -  Carnarvon Acquires 100% Stake in Permi... (May 30)
 -  Vallourec Tube-Alloy Opens Singapore P... (May 30)
 -  WA Court Orders OBL to Resign as EP487... (May 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Division Order Analyst - Midland
Expertise: Accounting|Customer Service|Lease Analyst
Location: Midland, TX
 
Natural SalesAccount Executive
Expertise: Business Development
Location: Houston, TX
 
Business Development Director - Downstream EPC
Expertise: Business Development|Executive|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $49.32/BBL 0.54%
Light Crude Oil : $49.33/BBL 0.30%
Natural Gas : $2.16/MMBtu 10.20%
Updated in last 24 hours