Tag: Clipper

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.

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Barque resource potential upgraded

Posted on 21 February 2017

New Zealand Oil & Gas has updated its analysis of the Barque prospect offshore from South Canterbury and North Otago, and believes there is more potential than previously thought.

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Clipper change of conditions granted

Posted on 14 October 2016

Work continues on New Zealand's largest publicly-announced petroleum prospect, with approval by the regulator for a change of conditions and extension of duration for Petroleum Exploration Permit 52717 Clipper.

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New permits in 2013 Block Offer

Posted on 6 December 2013

New Zealand Oil & Gas has acquired interests in three new permits in the New Zealand

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