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New Zealand Oil & Gas to Relinquish Kaheru Permit PEP52181

Source: www.gulfoilandgas.com 3/23/2016, Location: Not categorized

The joint venture in PEP 52181 (Kaheru), offshore South Taranaki, has submitted an application to surrender the permit. Operator New Zealand Oil & Gas announced in February that economic conditions could not support drilling the prospect before the commitment date of May 2016. After exploring options to defer or amend work obligations, the joint venture has submitted to the regulator an application to surrender the permit. The permit is held by New Zealand Oil & Gas (35%, Operator), TAG Oil (40%) and Beach Energy (25%).

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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