Apache Corporation Exits Exploration Plans in New Zealand's East Coast Basin
Posted on January 21, 2013 at 02:21 AM EST
PERTH, AUSTRALIA--January 21, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Plans to boost oil and gas exploration in New Zealand have slowed with news that Apache Corporation (NYSE:APA) (Houston, Texas) is pulling out of a huge East Coast project in New Zealand's North Island. Apache and TAG Oil Limited (TSX:TAO) (Vancouver, Canada) teamed up to search for oil and gas in the East Coast Basin in 2011. Other companies featured: Petrobras (NYSE:PBR)