• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 4 of 4
  1. #1
    Join Date
    Nov 2007

    Default Oil in the Great Southern Basin – any updates?

    Hi all, I haven’t heard much about this for a while and after trawling the net I can’t seem to find any info about where they are at with it – anyone on the ground in Invercargill that knows what’s going on there?

  2. #2
    Join Date
    Jun 2006
    Hutt City

  3. #3
    Join Date
    Nov 2007


    Thanks guys.

  4. #4
    Join Date
    Oct 2004


    First drill decision likely to be announced by Exxon-Mobil consortium in October 2010. Very little public info available as to which way they will go.

    OMV consortium to announce in July 2011 - however they are out on the water down here now doing more seismic data collection and have indicated they may drill up to five wells in their first year, all going well.

    Both these large consortiums managed to extend their contract option by 12 months. In light of global financial machinations, it is unsurprising that they sought to do so and equally unsurprising that Crown Minerals said 'ok'.

    The Exxon Mobil-Todd Energy consortium has said it is looking for more partners in the venture. Anyway, they have bought themselves some more time - and oil prices will probably rise in that time.

    Greymouth Petroleum also has a permit - but nothing public as to what they are doing with it as far as I am aware.

    So first decisions likely next Spring.


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. No email updates from Forum
    By Kaye in forum General (NZ)
    Replies: 6
    Last Post: 21-01-2015, 02:42 PM
  2. If oil is found in the Great South Basin?
    By muppet in forum Coffee Lounge
    Replies: 3
    Last Post: 16-01-2014, 07:17 AM
  3. Unpermited Hand Basin in Toilet
    By IndianKiwi in forum Property Improvements (NZ)
    Replies: 7
    Last Post: 08-04-2013, 08:28 PM
  4. Replies: 0
    Last Post: 25-05-2009, 11:47 AM
  5. Replies: 0
    Last Post: 20-05-2009, 10:21 AM
  6. Rugby World Cup 2007 (Updates)
    By donna in forum World in General
    Replies: 7
    Last Post: 02-10-2007, 05:44 PM
  7. Notification of Thread updates
    By AustinWong in forum General (NZ)
    Replies: 2
    Last Post: 26-04-2006, 11:53 PM
  8. Shower/toilet basin into basement?
    By Julian in forum Property Improvements (NZ)
    Replies: 6
    Last Post: 17-03-2005, 11:45 AM
  9. please help the beginers
    By Kristine in forum General (NZ)
    Replies: 1
    Last Post: 22-12-2003, 08:01 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts