New Zealand Energy has requested that the New Zealand oil and gas regulator, New Zealand Petroleum and Minerals, amend petroleum mining licenses 38140 (Waihapa) and 38141 (Ngaere) to allow for carbon sequestration.
The licenses, Taranaki basin onshore New Zealand, are suitable for carbon sequestration and are in relative proximity to large emitters, the company said in a release Nov. 7.