New Zealand

New ZealandThe Energy Ministry plans to announce successful bids in January 2004 from among 23 bids received for 17 blocks offered in the offshore/onshore Taranaki basin bid round.Of 17 companies that bid, four are new to New Zealand, the ministry said.The nine offshore blocks, in 50-200 m of water, and eight land blocks cover a total of 12,772 sq km. The work programs offered total nearly $200 million.Each block requires the drilling of a well within four years of the permit issue date, but many of the bids involved more prompt commitments, the ministry said.PolandFX Energy Inc., Salt Lake City, plans to select an exploratory drillsite on the Sroda structure in the Fences II project area...

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