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CBX Energy seeks offshore oil exploration permit in New Zealand’s Canterbury Basin, pending 2026 decision.
CBX Energy Limited has applied for a petroleum prospecting permit in New Zealand’s underexplored offshore Canterbury Basin, reigniting interest in the country’s oil and gas sector.
The application, part of a competitive three-month process managed by New Zealand Petroleum & Minerals, is one of several following the lifting of the 2025 exploration ban.
If approved, the permit would allow low-impact exploration to assess hydrocarbon potential.
Decisions are expected later in 2026, with the government emphasizing potential benefits for energy security and economic growth, while balancing environmental concerns.
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CBX Energy solicita un permiso de exploración de petróleo en alta mar en la cuenca de Canterbury de Nueva Zelanda, pendiente de una decisión en 2026.