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2014-04-03 16:15:00

NEW ZEALAND: OFFSHORE TENDER

NEW ZEALAND: OFFSHORE TENDER

OGJ. New Zealand's Petroleum & Minerals (NZPM) has announced a 2014 tender for petroleum exploration permits. The offer includes five offshore and three onshore blocks encompassing 405,000 sq km.
"The areas comprise well-explored through frontier regions where little to no exploration has taken place," said Kevin Rolens, NZPM national manager.

The 2014 offshore blocks on offer include:
• Reinga-Northland basin (North Island), 75,190.50 sq km.
• New Caledonia basin (North Island), 49,051.79 sq km.
• Taranaki basin (North Island), 54,920.92 sq km.
• Pegasus-East Coast basin (North Island), 75,009.04 sq km.
• Great South and Canterbury basin (South Island), 141,755.68 sq km.

The onshore blocks are:
• East Coast basin (North Island), 1,341.43 sq km.
• Taranaki basin (North Island), 1,159.03 sq km.
• West Coast basin (South Island), 6,752.19 sq km.

The tender, which opened Apr. 2, will close on Sep. 25. According to NZPM, this is the government's third annual competitive tender round. Ten awards were licensed in 2013.
New Zealand's NZPM expects to award exploration permits by December. NZPM is providing data packs containing more than 239,000 km of 2D and 11,000 sq km of 3D seismic data.

 

Tags: NEW ZEALAND, OFFSHORE

Chronicle:

NEW ZEALAND: OFFSHORE TENDER
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

NEW ZEALAND: OFFSHORE TENDER
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

NEW ZEALAND: OFFSHORE TENDER
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

NEW ZEALAND: OFFSHORE TENDER
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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