Oil giant Anadarko has applied to extend its exploration
permit off the Otago coast to give it more time to decide its
This comes after the company last month confirmed it failed
to find commercial quantities of natural gas off the Otago
coast after spending up to $100 million drilling a test well.
Records on the New Zealand Petroleum and Mineral website
showed this month it lodged an application to extend its
permit in the Canterbury Basin, which was due to run out in
Anadarko spokesman Alan Seay said it applied for the
extension to give it more time to analyse the data and
samples taken from the test well.
''The licence was due to expire before we were able to
complete all that work properly.
''Basically, the extension will allow us to have a proper
look and think what the next steps might be,'' he said.
''Towards the end of the year we will have a lot of clarity