Oil and gas exploration applications have reopened for the first time since the 2018 ban.

Companies can now apply for new prospecting and exploration permits anywhere in the country - not just onshore Taranaki.

An open market application pathway's also being introduced to allocate new permits, in addition to the current competitive tender process.

Energy Resources Aotearoa chief executive John Carnegie says there's concerns among investors about the ongoing certainty of this, given the backlash from the opposition.

LISTEN ABOVE

Oil and gas exploration applications have reopened for the first time since the 2018 ban.
Companies can now apply for new prospecting and exploration permits anywhere in the country - not just onshore Taranaki.
An open market application pathway's also being introduced to allocate new permits, in addition to the current competitive tender process.
Energy Resources Aotearoa chief executive John Carnegie says there's concerns among investors about the ongoing certainty of this, given the backlash from the opposition.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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John Carnegie: Energy Resources Aotearoa CEO on oil and gas exploration applications reopening

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/236eda40-ed63-4cd9-b1bd-b36300659beb/transcript