First offshore oil exploration permit since ban lifted granted in Taranaki
Australian firm EnZed Energy has been granted a 12-year permit to explore for oil in New Zealand's Taranaki Basin, the first such license issued since the government lifted its offshore exploration ban last year. The decision marks a notable shift in the country's energy policy. It comes as New Zealand seeks to bolster its domestic energy supply.
New Zealand's government has granted Australian firm EnZed Energy a 12-year permit to explore for oil in the Taranaki Basin, the first such license approved since the offshore exploration ban was lifted last year.
Officials said the permit is part of broader efforts to strengthen the country's energy self-sufficiency. The Taranaki region has historically hosted the bulk of New Zealand's oil and gas production.
The decision drew criticism from environmental groups, while industry representatives welcomed it as a positive step for boosting domestic energy output. EnZed Energy has not yet announced when exploration work will begin.
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