Shell wants to explore New Caledonia Basin, 08 May 2013 17:16

Shell New Zealand has announced it will start preliminary exploration for oil and gas in deep ocean between New Zealand and New Caledonia, in a 50:50 joint venture with the Chinese state-owned oil company.  Shell says it will be conducting two-dimensional seismic exploration and other "non-invasive research techniques" to explore the seabed and geology of the virtually unexplored New Caledonia Basin, a prospect area that straddles New Zealand's 200 mile exclusive economic zone and extends into the country's extended continental shelf area.

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