NEW ZEALAND’S IMPRESSIVE BARQUE PROJECT – A POTENTIAL OIL AND GAS GAME CHANGER
October 1st, 2017
OFFSHORE exploration is going through difficult times, but the Barque prospect in New Zealand is being rated as one of the most promising upcoming exploration oil wells in the world. If successful the project, located offshore from South Canterbury and North Otago in the south-east of South Island, would be the most significant discovery in New Zealand since the giant Maui field in the Tasman Sea in the 1960s. Seismic surveys as well as a regional economic impact study allow for optimism.
Oil is an important export commodity for New Zealand, with crude oil ...
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