First Offshore Oil Permit Granted Since Ban Repeal

New Zealand grants first offshore petroleum permit since reversing exploration ban

New Zealand's government has issued its first offshore petroleum exploration permit. This action follows the reversal of a ban previously imposed by the former Labour government. Resources Minister Shane Jones stated the permit signifies the nation's openness for business. Australian company EnZed Energy received the permit for the Taranaki Basin. Several other companies have applied for exploration rights ahead of elections.

First offshore oil permit granted since ban repeal

New Zealand has awarded the first petroleum exploration permit since the coalition Government reversed the ban on offshore exploration last year.

First New Offshore Petroleum Permit Granted

“This permit marks a major milestone for New Zealand’s energy sector and shows that without doubt, we are open for business,” Mr Jones says.

UPDATE – NZ govt grants first offshore oil permit since ban repealed « Carbon Pulse

New Zealand on Wednesday announced it had issued the first grant for offshore oil and gas exploration since it overturned a ban introduced by the previous government.