American companies apply to drill exploratory wells

Last updated 05:00 27/11/2012

Relevant offers

National business

Chorus agreement could ease frustration for Wellington homeowners David Rankin criticised for flouting health and safety during hoarding saga Countdown opens more supermarkets in NZ than it closes, plans to expand SkyCity worker given home detention after stealing $45,000 worth of chips Sir Ngatata Love used partner's company to obtain $1.5m payment meant for trust, Crown claims John Milford: Wellington region enters crucial economic development phase Marlborough labour contractor 'not deserving' of leniency after repeated employment breaches Canterbury Mortgage Trust money tied up in legal fights Domino's using drones to deliver pizza to New Zealand homes New Turkish restaurant to open in Halikarnas' place

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