A vast new area of seabed off Northland's west coast is being opened up to oil and gas exploration in the Government's 2015 block offer, announced by Energy and Resources Minister Simon Bridges on Friday.
The Reinga-Northland Basin covers just under 190,000 sq km and is one of seven areas the Government is offering to oil and gas companies. The Basin extends south of Raglan and well north of the Three Kings Islands.
The area to be opened up excludes the 9800 sq km where Norwegian firm Statoil was granted an exploration permit in the last block offer. Statoil plans to start seismic testing to identify possible oil and gas deposits next month using the Norwegian company TGS.
NZ Petroleum and Minerals describes the Reinga-Northland Basin as large and relatively unexplored.
"It is believed to be prospective for oil and gas, and it has many similarities with the Taranaki Basin," the agency's website states.