Talks start over Bay oil, gas exploration permits

Energy and Resource Minister Simon Bridges. Photo / Glenn Taylor

Consultation is under way for proposed oil and gas exploration permits covering more than 3000sq km in Hawke's Bay and 75,136sq km in the Pegasus-East Coast Basin.

The onshore exploration area runs inland from Waipukurau to the Ruahines and south to Pahiatua. Offshore it runs from Waimarama to the South Island, with a maximum permit area of 10,000sq km.

Energy and Resources Minister Simon Bridges said consultation with iwi and local authorities was "an important first step". "Their feedback ensures that any areas of sensitivity are carefully considered before the 2014 tender round is finalised.

"The annual block offer process presents a range of opportunities for investors and operators, who bring with them vast experience in global exploration and production of oil and gas," he said.

"While exploration won't necessarily be undertaken in all the blocks on offer, it's important to find out what's there and use the information to develop New Zealand's untapped resource wealth."

The consultation period runs to November 14.

Tenders have closed for two blocks north of Wairoa, inland for Gisborne, with the winner due to be announced in December. TAG Oil has been holding the results of its exploration well east of Dannevirke until the tender was closed.

Oil and gas symposium planned

Hastings District Council is hosting an oil and gas symposium on Friday, October 11, at the Hawke's Bay Opera House.

Chaired by Hastings Mayor Lawrence Yule, speakers will present information on the issues that surround oil and gas exploration in Hawke's Bay.

"We have chosen speakers who will present a balanced view of the issues surrounding oil and gas exploration in Hawke's Bay," Mr Yule said. "The speakers will canvass perspectives from the environmental sector and the oil and gas industry. We have also included speakers who will be able to provide an insight into the effects of exploration."