Oil search issues raised
bountiful Taranaki Basin, where the Maui A gas well has produced natural gas for 35 years.
The well is in just 110m of water, far shallower than the proposed depths in the Pegasus ranging from 800-3000m deep.
Many people, including local business and iwi leaders have expressed their doubt that the Government had the necessary resources to deal with an oil spill or leak of any significance, a fact agreed upon by all sides.
Bridges has stressed that companies wishing to drill must ‘‘ go through the ringer’’, incurring millions of dollars in costs to get approval from, successively, the Environmental Protection Agency, the High Hazards Unit and the Maritime Industry for a discharge management plan.
In response to the inquiries, Chevron Corporation media sent us links to a press release announcing the new exploration permits.
It stated: ‘‘ Chevron’s approach to this project will be guided by our commitment to maintain the highest environmental and safety standards.’’
The statement was appended by a disclaimer that Chevron uses language such as ‘‘ anticipates, expects, intends, targets and forecasts’’, but that ‘‘these are not guarantees of future performance’’; and are subject to certain risks and uncertainties which are beyond the company’s control and are difficult to predict.
Among the factors that could cause actual results to differ materially from those in the forward-looking statements are changes in prices of, demand for and supply of crude oil.
It does not mention any environmental factors such as risk to the eco-system of a catastrophic leak.
Lucky bounce: Firefighters dowse the engine of a car which overturned in the Hundalee hills last Wednesday.