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Petroleum Exploration and Production Association CEO, Cameron Madgwick, today welcomed the awarding of the 2014 Block offer.

鈥淭he 15 new oil and gas exploration permits awarded today bring new companies, new opportunities and new investment to New Zealand.

鈥淭he oil and gas industry is already New Zealand鈥檚 fourth largest exporter and employs over 7000 people nationwide. Today鈥檚 announcement could see a real increase to the contribution the industry makes to our country.

鈥淭he new permits represent $110 million in expenditure on initial exploration - a huge boost to the economic well-being of our country and if successful, that investment could grow to over $1 billion.

鈥淣ew Zealand鈥檚 holds a vast amount of petroleum potential; we need to use our petroleum potential today, so we can grow our economy; invest in more energy options and public services tomorrow.

鈥淎s an industry we know true success is not just about finding oil or gas and economic growth. Success for the oil and gas industry is about safe drilling and operating to the best standards.

鈥淓very successful company today who was awarded permits will be required to operate to the highest standards. It is very important to the industry that New Zealand鈥檚 pristine environment is safeguarded and that our workers are safe on the job and get to go 天美直播 to their families at the end of the working day.

鈥淎lthough this process has brought about a great result for New Zealand 鈥� as an industry we know we still have work to do to build successful relationships with Kiwi communities new to the oil and gas sector. As the Association, we are committed to working hard to ensure those communities are given factual, reasonable information about our industry so as a country we can have a mature conversation about our energy future, and Kiwis feel part of our industry鈥檚 growth so development happens alongside them.

鈥淐ongratulations to all the successful companies in this year鈥檚 Blocks offer, and a warm welcome to new companies 鈥� Chevron, ONGC Videsh and New Endeavour.

鈥淭he Blocks Offer process has been hugely successful at bringing world class operators and investment to our shores. We look forward to the announcement of the 2015 Block Offer in March next year as part of the Advantage 2015 Petroleum Summit,鈥� Cameron Madgwick said.