NEW ZEALAND

AWE offloads more NZ acreage

AWE has given away more New Zealand exploration acreage following last year's unsuccessful four-well Kan Tan IV campaign, this time surrendering the offshore lease PEP 38524 near the top of the South Island, its ninth such relinquishment.

According to the government's New Zealand Petroleum and Minerals unit, AWE has surrendered the lease, on the southern edge of the geological Taranaki Basin, after winning the acreage in March 2007, with...

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