Tuesday, July 10, 2007

Exxon, OMV to Lead Exploration Efforts in New Zealand's Great South Basin

(Bloomberg) -- Exxon Mobil Corp., the world's
biggest oil company, and OMV AG, have been cleared to lead two
major exploration efforts off the southern coast of New Zealand.

Exxon is working with Todd Energy Ltd., the biggest New
Zealand-based oil company, Associate Energy Minister Harry
Duynhoven said today. OMV is leading a group including PTTEP
Exploration & Production Pcl and Mitsui & Co, he told journalists
at a press conference in Invercargill.


Read more at Bloomberg Energy News

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