In another era, it would have been the lead story on every news channel. But in a country brainwashed into believing it’s apocalypse now, either from global warming or Covid-19 (and possibly both), news of a “significant” oil and gas discovery offshore in Taranaki barely registered in the mainstream media, although the New Zealand Herald did record it in the business pages.
There has not been a major energy find in NZ since 2006, and given New Zealand has only 11 years of gas reserves left, the discovery could be an exciting outcome at a crucial phase for the NZ economy.
Austrian giant OMV reported the Toutouwai-1 wildcat, drilled to a total depth of 4,317m some 50 km off the Taranaki coast in 130m of water, encountered several hydrocarbon-charged reservoir zones during drilling.
View original post 968 more words
Utopia, you are standing in it! 
Recent Comments