Crown Minerals Group
Description
New Zealand Petroleum & Minerals manages the New Zealand Government’s oil, gas, mineral and coal resources, known as the Crown Mineral Estate. It is our role to advise on policy and operational regulation and promote investment in the mineral estate.
A review undertaken in 2010 showed that there was an immediate and ongoing need to increase Crown capability and capacity to meet the government’s objective of maximising the returns to New Zealand from the development of oil, gas and mineral resources. On 2 May, New Zealand Petroleum & Minerals replaced Crown Minerals, to manage the petroleum and minerals estate on behalf of the Crown. The new, larger business unit remains within the Ministry of Economic Development
New Zealand Petroleum & Minerals will build on the strengths of Crown Minerals by bringing:
- a strengthened commercial focus
- greater sector and industry leadership responsibilities
- enhanced capability in the form of specialist skill sets and greater numbers.
Investment in New Zealand’s mineral estate has never been stronger. In a world looking for new oil and gas reserves, and with rising mineral commodity prices through strong global economies, interest in New Zealand’s mineral estate is extremely active.
Our aim is to maximise the returns to New Zealand from the development of oil, gas and mineral resources, in line with the Government’s objectives for energy and economic growth.
Through our excellent service delivery and strengthened capabilities, we aim to deliver innovative and practical solutions that:
- help make New Zealand one of the best places to do business
- inspire consumer and investor confidence.