Great South Basin

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Approximate location of the Great South Basin with approximate location of allocated Oil Exploration Blocks
Approximate location of the Great South Basin with approximate location of allocated Oil Exploration Blocks

The Great South Basin is an area of mainly sea to the south of the South Island of New Zealand.

Starting in the 1960s, the area was explored and drilled for oil deposits by various minerals companies, mostly international, but by 1984 all of these companies had left empty-handed. [1]

With advances in seismic surveying and drilling technology, hopes have been raised once again for a potential oil strike. Since 2006, new tenders for drilling rights have been issued. [2]

[edit] References

  1. ^ Crown Minerals - Great South Basin Timeline
  2. ^ Bidding opens for oil and gas in Great South Basin

[edit] External links

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