NEWS ARCHIVE

Drilling down on NZ

NEW Zealand is looking at a period of "intense E&P activity" over the next two years, with almost 90 wells, costing about $NZ2.5 billion ($A1.94 billion), scheduled to be drilled, according to independent analysts Edison Investment Research.

"After a rollercoaster decade of adjustment, the local E&P sector has finally found its feet," Edison's 2012 New Zealand Petroleum Yearbook says. "Although lead indicators are pointing strongly to the...

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