EXPLORATION

BREAKING NEWS: Shell taking lead role in Great South Basin

ROYAL Dutch Shell is taking up operating stakes in two Great South Basin exploration leases once current operator Austrian giant OMV completes a 3D seismic survey off the bottom of New Zealand.

The well-established New Zealand player will take a 50% stake in leases PEP 50119 and PEP 50120 from OMV and its present partners, Japan's Mitsui Exploration and Production and Thailand's PTTEP Offshore...

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