UNCERTAINTY FOR NEW ZEALAND’S BARQUE PROJECT AFTER THE COUNTRY’S OIL AND GAS BAN
October 1st, 2019
A few years ago, New Zealand Barque oil and gas prospect was rated as one of the most promising exploratory reserves in the world. The decision by New Zealand’s Labour-New Zealand First-Greens coalition government decision last April (2018) to ban any new offshore exploration permits has, however, complicated any future operations at the Barque, east of NZ’s South Island.
By ending new oil and gas exploration the New Zealand government has, for now at least, put the waters of the fourth-largest exclusive economic zone (EEZ) on the planet – covering more ...
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