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Concern over oil deals

Potential implications of contracts being signed between landowners and oil and gas companies saw representatives of eight Taranaki law firms come together in Stratford to discuss concerns.

"Once the agreement is signed, it is signed," says Philip Armistead from Thomson, O' Neil & Co.

He says landowners could be in breach of other agreements and the potential impact of not understanding what is being agreed to, could be huge.

"I have seen agreements where for laying pipelines access is also granted to land other than where the pipeline is being laid; some clauses in access agreements provide consent for other associated activities for ever; and some limits the companies' liability should something go wrong."


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