New Zealand addresses hydraulic fracturing issues

By Phaedra Friend Troy

The New Zealand Petroleum & Minerals regulatory agency Tuesday published a preliminary list of Frequently Asked Questions about hydraulic fracturing to better inform the public about the completions technique being used to produce shale and unconventional resources there.

TAG Oil (TSX:TAO) is currently working to horizontally drill and hydraulically fracture to develop shale resources in New Zealand, and in an effort to increase transparency, New Zealand's petroleum regulator is answering questions about the technology.

Questions range from "What is fracking?" to "How is fracking done?" NZPM plans to add questions and answers to the list as time passes, as well as offers outside resources to find more information.

Currently, all oil and gas companies working in New Zealand are required to comply with the Resource Management Act, the Health and Safety Employment Act, and the Hazardous Substances and New Organisms Act.

The New Zealand Department of Labour monitors and controls hydraulic fracturing operations in the country.

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