Tag: Beach Energy

Pep 52717 Relinquishment

Posted on 16 February 2021

New Zealand Oil & Gas and partner Beach Energy have applied to relinquish Petroleum Exploration Permit 52717 (Clipper), which contains the Barque prospect. “It is with great regret that the Joint Venture relinquish this permit after years of work to mature it and bring in appropriate partners. I expect it will not be the last offshore acreage to suffer the same fate. New Zealand Oil & Gas believes a confluence of events including; adverse regulatory settings for offshore exploration; the dry hole at OMV’s Tawhaki permit; the recent announcement terminating Wherry-1 drilling; and the effects of COVID on drill rig costs and availability have formed a perfect storm, making the task of finding suitable partners in the required timeline impossible” says Chief Executive Andrew Jefferies.

Read the full post

Ocean Apex Handover To The Ironbark Joint Venture

Posted on 12 October 2020

New Zealand Oil & Gas is pleased to announce the Ocean Apex rig has completed its operations for Woodside and was handed over on Friday afternoon (1600hrs Perth Time) to BP (Operator) for the drilling of the Ironbark-1 well.

Read the full post