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New Zealand offers Northland, Raukumara blocks

12/22/2008
New Zealand Crown Minerals offered six exploration blocks in the Northland basin northwest of Auckland and two off East Cape in the Raukumara basin off the North Island. The bidding round will close in January 2010. The Northland blocks cover 3,900-11,000 sq km each. Three are on the shelf, and three are adjacent in intermediate to deep water.The Waka Nui-1 well changed the understanding of the sequences of the region with Jurassic sediments being intersected, while the Karewa-1 well intersected significant, but as yet noncommercial, biogenic methane in the Neogene sediments, Crown Minerals noted. Recent satellite radar imaging highlighted a large number of potential offshore oil seeps in...
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