Shell Awarded Exploration Permit Offshore New Zealand
Shell GSB Ltd (Shell) today announced it has been awarded, as operator together with its joint venture parties OMV New Zealand Limited and Mitsui E&P Australia Pty Limited, an exploration permit for the Great South Basin block 12GS2.
This permit area lies directly to the east of exploration permit PEP 50119, operated by Shell, and covers 8,508 km². The combined acreage of both permits is 25,223 km².
“Shell and our joint venture parties are very pleased with this extension to our exploration acreage in the Great South Basin. It gives us a larger explorable area in this exploration basin and therefore a greater upside in case of success” said Rob Jager, Chairman of Shell Companies in New Zealand.
The Great South Basin has a total area of 500,000km2 and lies to the south east of the South Island. Shell has been the operator of exploration permit PEP 50119 since 1 April 2012, taking over from joint venture party OMV.
December 11, 2012