Speaking at today's international methane hydrate workshop, Energy and Resource Minister Gerry Brownlee found time to talk up New Zealand's conventional resource endowment.A joint GNS Science and government study has estimated exploitation of New Zealand'
Speaking at today’s international methane hydrate workshop, Energy and Resource Minister Gerry Brownlee found time to talk up New Zealand’s conventional resource endowment.
A joint GNS Science and government study has estimated exploitation of New Zealand’s untapped petroleum basins could generate $10 billion a year in Crown receipts over the next 40 years, and an additional $30 billion a year in export revenues by 2025
Mr Brownlee made it plain to his international audience that New Zealand was a “very prospective country” which welcomed conventional oil and gas exploration.
“Very soon we’ll announce new players in our waters,” he revealed.
When pressed by NBR, Mr Brownlee said that the announcement could be expected toward the end of the month.
