Offshore Search For Oil Soon
(New Zealand Press Association)
AUCKLAND, January 7. The first steps will be taken soon in a search for undersea oil between Tasman Bay and Taranaki.
Mr T J. McKee, a director of Tasman Petroleum, Ltd., which holds the oil-drilling rights for the 4300 miles of
undersea land, said tonight that a tender for an aeromagnetic survey of the area had been let to Aero Services, Ltd., an Australian company. The survey would involve recording the magnetic field variations ’bove the sea. From the results of it and gravity and seismic surveys which would be done later, a picture of the substrata would be built up. After about two years of surveying the company would know whether there is a likely spot for oil in the area. Mr McKee said the offshore prospecting was being done in conjunction with work on land.
The company had oil rights on an area of 1000 miles on land and the survey of it was nearing completion.
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Press, Volume CV, Issue 30953, 8 January 1966, Page 14
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167Offshore Search For Oil Soon Press, Volume CV, Issue 30953, 8 January 1966, Page 14
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