What is unitisation?

Exploration companies in New Zealand are granted permits to explore and extract hydrocarbons. These consents are limited in terms of both duration and area.


Exploration companies in New Zealand are granted permits to explore and extract hydrocarbons. These consents are limited in terms of both duration and area. Often the spatial definition of a permit area is based upon blocks of land offered by bid and delineated by surface features rather than the unseen deposits of oil or gas that the exploration company is hopeful of discovering.  Read more...

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