The Crown Minerals (Decommssioning and other Matters) Bill [pdf, 175 KB]
...explains that New Zealand’s petroleum sector is maturing, and an increasing number of petroleum fields are nearing the end of their economic lives and will soon require decommissioning. The costs of decommissioning are described as substantial and the environmental effects and health and safety risks of failing to decommission can be significant. 6. There is currently no explicit statutory obligation to decommission under the Act, which means that there is a lack of clarity about permi...