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Apache Corporation Exits Exploration Plans in New Zealand's East Coast Basin


Industry Segment: Production | Word Count: 366 Words

PERTH, AUSTRALIA--January 21, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Plans to boost oil and gas exploration in New Zealand have slowed with news that Apache Corporation (NYSE:APA) (Houston, Texas) is pulling out of a huge East Coast project in New Zealand's North Island. Apache and TAG Oil Limited (TSX:TAO) (Vancouver, Canada) teamed up to search for oil and gas in the East Coast Basin in 2011.

Other companies featured: Petrobras (NYSE:PBR)

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