"High technical risk" indeed! It's not as if it hasn't been pointed out before, the enormous risk of drilling for oil in the Great South Basin. Gerry must be thanking his lucky stars for the dictatorial powers he's been granted thanks to the Canterbury earthquake, because nothing else is going his way.
"Mr Brownlee may yet lose his other big player, Austrian energy giant OMV NZ, which has three other blocks totalling 48,000sq km, with Thai partner PTTEP Offshore Investment Co (36 percent each), and Japanese company Mitsui Exploration and Production Australia Pty (28 percent)."
Awww!
High technical risk along with 'remote location and tough conditions facing deep sea drillers' are being cited by ExxonMobil as their reasons for pulling the pin on their Deep South plans.'Harsh operating environment' it is Mr Exxon! Why didn't you just ask us? We'd have told you (and did!) that it wasn't a go down there.
Here's the article (hat tip Nick)
2 comments:
Pretty good going as your first act as councillor.
Thanks Bio.
I mean to continue as I've begun.
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