Widespread Energy says it has surrendered an offshore petroleum exploration licence, noting the risks were too high to commit to further obligations under the work programme.Licence area PEP 50439, covering an area of 1313sq km off the West Coast between
Widespread Energy says it has surrendered an offshore petroleum exploration licence, noting the risks were too high to commit to further obligations under the work programme.
Licence area PEP 50439, covering an area of 1313sq km off the West Coast between Hokitika and Punakaiki, was surrendered following earlier technical assessments and a recent independent review of the technical work.
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