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Energy firms take fresh punt on New Zealand deepwater

2013-10-24 23:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: New Zealand is hoping the first deepwater wells to be drilled in the country in nearly 15 years will reignite interest in its offshore oil and gas basins, mostly ignored since some early discoveries in the 1970s. New Zealand's remoteness, rough seas, and limited domestic demand for gas given its small population have curbed interest in the region by global exploration companies. But the development of floating LNG facilities, spearheaded by Royal Dutch Shell PLC, means gas could be processed...

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