Schlumberger New Zealand Ltd as awarded petroleum prospecting permit PPP 60409, located in the Taranaki Basin, on 28 November 2017.Â  The permit has been awarded for a period of two years and will expire on 27 November 2019. Work commitments have been assigned to the permitâs validity and will see a minimum of 4,000 sq km of new 3D seismic acquired over the permit area. The permit is a prospecting licence and covers a number of existing exploration licences within the Taranaki Basin area, including several production licences over producing fields. PPP 60409, which covers an area of 18,722 sq km, was awarded on 28 November 2017.Â  Schlumberger New Zealand Ltd holds 100% interest and operatorship of the permit.
New Zealand, PPP 60409