Source: New Zealand Government
A new prospecting permit application in the offshore Canterbury Basin signals renewed sector confidence in pursuing opportunities in New Zealand’s search for oil and gas, Resources Minister Shane Jones says.
New Zealand Petroleum & Minerals (NZP&M) has today opened a three-month competitive process for an application submitted by CBX Energy Limited. The proposal outlines a programme of technical and economic studies, including work on a comprehensive Canterbury Basin development strategy.
“The Canterbury Basin, off the east coast of the South Island, is one of New Zealand’s 18 sedimentary basins with known or potential hydrocarbons. It has long been viewed as a promising but largely untapped opportunity,” Mr Jones says.
“The basin remains far less explored than comparable regions overseas, highlighting how much potential is still to be tested.
“Further prospecting and exploration in the Canterbury Basin could unlock new domestic energy resources, strengthening New Zealand’s long‑term energy resilience and creating valuable economic opportunities.”
NZP&M will accept competing applications until 5pm, 24 June. Applications will be prioritised in accordance with the criteria set out in the Minerals Programme for Petroleum 2025. A permit may be awarded in response to the best application that also meets requirements of the Crown Minerals Act 1991. A petroleum prospecting permit is an early‑stage, low‑impact permit that allows a company to search for evidence of petroleum/oil and gas.
Since the removal of the petroleum exploration ban in late 2025, two exploration permit applications have already progressed through the competitive process and are now under assessment, with decisions expected later this year.
For more information see: Applications under the open market competitive process – New Zealand Petroleum and Minerals
