Norwegian firm to launch hunt for oil off New Zealand

Norway’s TGS-NOPEC Geophysical Company is to conduct a seismic survey for potential oil exploration in 60,000 square kilometres of previously unexplored deep water in the Taranaki Basin, off New Zealand’s west coast, it was announced Wednesday. New Zealand’s Institute of Geological and Nuclear Sciences (GNS), which is also involved, said the survey was hoped to … Continue reading Norwegian firm to launch hunt for oil off New Zealand