Two new Canadian oil and gas explorers have appeared in New Zealand, taking a 965 square kilometre onshore licence area in Hawke's Bay, in what appears to be the first outcome from the government's new "block offer" policy.
Marauder Resources East Coast has won the exploration licence for Petroleum Exploration Permit 53806 in a joint venture with Canadian Overseas Petroleum to explore "unconventional" shales in the Whangai formation, in the central Hawke's Bay.
The licence area sits between two others being explored by fellow Canadian TAG Oil, near Gisborne in the southern Hawke's Bay, both of which have prompted opposition from local environmental groups who fear TAG and its Texan partner, Apache, plan to use hydraulic fracturing, or "fracking", to unlock hydrocarbons held in shale formations.
Both Marauder and COP are Calgary-based, junior players in global oil and gas exploration. Marauder has interests already in Canada, the Middle East and the Gulf of Aden, while COP's interests to date have been in West Africa and the North Sea.
In a statement issued in Canada in November 2, COP says Marauder will operate the licence for the first year, after which COP will assume ownership for the remainder of the initial five year licence period.