Prospective Taranaki basins identified

Last updated 13:00 10/11/2012

Relevant offers

Three blocks of land in Taranaki and several thousand square kilometres off the coast are part of the 2013 petroleum permitting round that started this week.

The Business, Innovation and Employment Ministry has announced consultation has begun with iwi and councils with interests in the areas where the blocks are likely to go up for tender next year.

The feedback received will form the basis of final decisions on the make-up of the tender process, which is expected to begin by the end of April, David Binnie, the general manager of the ministry's petroleum and minerals branch, said.

The three onshore blocks include a parcel of land between New Plymouth and Inglewood extending to the coast, a smaller block south-east of Inglewood, and another large area between Opunake and Manaia extending inland almost to Egmont National Park.

The offshore areas on offer include a single area close to the southwestern coastline, and several areas well out in deepwater Taranaki.

For the first time, instead of designating specific offshore permit blocks, the Government has identified certain prospective basins and overlaid a mesh of smaller blocks, each approximately 250sqkm in size.

Exploration companies will be able to bid for one or more of these smaller blocks in a release area, up to a limit of 2500sqkm in the offshore Taranaki basins.

The Government's annual block offer process is an important part of developing New Zealand future oil and gas reserves, Binnie said.

"To make the most of our oil and gas resources, we must attract responsible companies to explore New Zealand's potential reserves.

"Oil and gas already play an important part in the New Zealand economy - and that contribution will grow for future generations if successful discoveries are made and developed."

The consultation with iwi and councils started this week, and closes in January. Permits are expected to be awarded in December next year.

Ad Feedback

- © Fairfax NZ News

Hasim Rahman
Rahman out to make a big statement

He might be one of the toughest men on the planet, but that doesn't stop Hasim Rahman from also being one of the most charming.

Ben Leng and Robin Kivell
Stratford fall short of dream

Inglewood managed to spoil Stratford's 125th party on Saturday, but only just.

Peter Lambert
Okato artist shared his inspirations

A chance to get a closer glimpse at some Okato artwork has been on offer this Easter weekend.

tdn break strap
Breakfast for Child Cancer

It was a morning of hearty breakfasts and bulging donation buckets at a Child Cancer Foundation fundraising event.

East End skating rink
Deluge hits roller rink

A major cleanup is under way at New Plymouth's East End roller sport rinks after council drains failed to cope with a combination of high seas and heavy rain.

Special offers
Opinion poll

What do you think of the NPDC's decision not to give iwi representation and voting rights?

Agree, it is great for democracy.

Disagree, iwi need to be engaged.

Don't care

Vote Result

Related story: Dismay as iwi voting rights denied

Featured Promotions

Sponsored Content

TDN rachel stewart

Riding Shotgun

with Rachel Stewart

with Gordon Brown

Second Thoughts

with Gordon Brown

Matt Rilkoff's perspective of comtempory life

The Rilkoff Files

Matt Rilkoff's perspective of contemporary life

tdn kathryn collumn

Under the Sky Tower

With Kathryn Calvert

Gordon Burnside

Gordon Burnside

The self-confessed bard of Brixton, offers views on life, politics and Akubra hats.

TDN The Weekend

The Weekend

with Glenn McLean

Family Notices


View marriage and birth notices from around the region


Death Notices

View obituaries from around the region