Oily Attractions Off Shore

Three New Zealand exploration blocks, owned by Anadarko Petroleum, could hold up to 150 million barrels of crude oil or trillions of cubic feet of natural gas, according to a company executive. “There’s significant interest in New Zealand – otherwise we wouldn’t be here,” John Gordon, Anadarko’s exploration manager for the Asia-Pacific region, told The Wall Street Journal in an interview. Anadarko has been exploring for oil in New Zealand since 2008. Gordon said the transparency of New Zealand’s business environment makes it an attractive place to do business.