New Round Offers Fresh Offshore OpportunitiesJune 2012 | Industry News
BMI View: The change in New Zealand's approach towards offering exploratory licenses reflects the government's more proactive stance towards attracting investors in its oil and gas potential. The abundance of offshore opportunities in this licensing round could enlarge the offshore service sector in New Zealand, if the round proves to be moderately successful. Given its current prospectivity, the round will attract sufficient interest, though largely from independents.
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