{"id":753,"date":"2016-08-30T00:00:00","date_gmt":"2016-08-29T12:00:00","guid":{"rendered":"http:\/\/www.greenpeace.org\/new-zealand\/press-release\/keys-drilling-plan-in-freefall-as-nzs-biggest-offshore-oil-prospector-bails\/"},"modified":"2024-07-12T15:48:28","modified_gmt":"2024-07-12T03:48:28","slug":"keys-drilling-plan-in-freefall-as-nzs-biggest-offshore-oil-prospector-bails","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/aotearoa\/press-release\/keys-drilling-plan-in-freefall-as-nzs-biggest-offshore-oil-prospector-bails\/","title":{"rendered":"Key\u2019s drilling plan \u201cin freefall\u201d as NZ\u2019s biggest offshore oil prospector bails"},"content":{"rendered":"

In the wake of last week\u2019s reports that oil giant Shell \u00a0is having a firesale of its New Zealand assets, \u00a0prospecting company ION Geophysical has also now relinquished its oil surveying permits, which covered almost half of New Zealand\u2019s waters.<\/p>\n

ION\u2019s bid, lodged last September, was the largest application ever to be made for prospecting in New Zealand\u2019s EEZ. It involved surveying 1.6 million square kilometres of ocean. \u00a0<\/p>\n

To add to the mass pull-out, another Houston based company, TGS, also yesterday withdrew its application for its major offshore prospecting permit off the West Coast of the North Island.<\/p>\n

Greenpeace New Zealand\u2019s senior campaign advisor, Steve Abel, said the growing list of oil companies bailing are a solid indication that the Government\u2019s oil programme is dying a death.<\/p>\n

\u201cProspecting is the essential first step of offshore drilling.\u00a0 These companies gain data that is on-sold to the oil companies, but if there is poor indication of possible oil or there aren\u2019t buyers for the data then the prospectors aren\u2019t going to waste their time and money on surveying,\u201d he said.<\/p>\n

\u201cThe ION and TGS departures are another critical blow to John Key\u2019s offshore oil prospects. I think it\u2019s safe to say the New Zealand\u2019s offshore oil industry is in freefall. International petroleum players are dropping like flies.<\/p>\n

\u201cIt\u2019s high time for Key to give up on this waste of taxpayers money and make good on the \u00a0promises he made at the Paris climate conference by quitting support for oil drilling and properly backing the clean innovative sectors that should be powering and providing jobs and income for New Zealanders.\u201d<\/p>\n

Map of ION Geophysical’s permit area<\/em><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In the wake of last week\u2019s reports that oil giant Shell \u00a0is having a firesale of its New Zealand assets, \u00a0prospecting company ION Geophysical has also now relinquished its oil surveying permits, which covered almost half of New Zealand\u2019s 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