Todd Energy are in the planning stages to drill more wells over the next decade to find natural gas in North Taranaki.
An upcoming project will see the company drill two wells at Mangahewa G site from January until mid-2021 to secure a long term supply of natural gas for the national economy.
A company spokeswoman said the company was also in the early planning stages to drill up to 24 wells over the next 10 years or more at the Mangahewa C and D sites.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.