American companies apply to drill exploratory wells

Last updated 05:00 27/11/2012

Relevant offers

Industries

Pooley and Loder local winners at Seafood star awards Auckland Airport 'Smart Approach' flight path trial completed Tech giant Apple pays $9m tax in NZ - how does that add up? Construction litigation specialist launches class action Just Group director accuses Cotton On of trying to steal its Smiggle expansion plans Wellington prepares for a November opening for Top Shop Air NZ customers defend safety videos Washing machine fires sparks recall warning reminder Commuter rail link between Hamilton and Auckland on city council's radar Subway manager's job at risk after spilling the beans on company's inner workings

An application to drill two exploratory wells near Dannevirke has been filed by the North American energy companies TAG Oil and Apache Corp.

The partnership has applied to Horizons regional council and Tararua District Council to drill the wells on private land in Mangahei Rd, Motea, 17 kilometres east of Dannevirke, and at Ngapaeruru Rd, 2km further east.

They have asked the councils to handle the applications as non-notified - without being subject to public hearings.

Consultants working for the partnership said the drilling operations would have "less than minor" effects beyond the people who had given their written approval.

The plan is to drill wells to a depth of about 2km. The application says the drillers are not proposing to use hydraulic fracturing, or fracking.

TAG and Apache have plans to spend up to $100 million in pursuit of a 14-billion-barrel windfall on three sprawling East Coast permit areas covering 680,000 hectares.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content