NZ Herald·3 min read·medium

First offshore petroleum permit granted after ban repeal

J
Jamie Gray
First offshore petroleum permit granted after ban repeal
AI Summary

The New Zealand government has granted its first offshore petroleum exploration permit since repealing a previous ban. The permit was awarded to EnZed Energy for exploration in the Taranaki Basin to address declining domestic gas reserves.

New Zealand has awarded the first petroleum exploration permit since the coalition Government reversed the ban on offshore exploration last year.

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