Document Actions

News

Unlocking New Zealand's Petroleum Potential

18 November 2009 - Energy and Resources Minister Gerry Brownlee today announced the Government’s Action Plan for unlocking and maximising New Zealand’s petroleum potential, with a specific focus on exploration of New Zealand’s offshore deepwater basins.

Offshore Northland Supplementary Data Now Available

10 November 2009 - A supplementary data pack is now available for the Northland Block Offer. The data was acquired in March 2009 by CGGVeritas as part of a seismic survey over the Reinga Basin, which is contiguous to the Northland Basin.

Maari now a 100 million barrel oil field with additional wells

4 November 2009 - The Maari oil field and its adjacent Manaia field in offshore Taranaki has been confirmed as containing over 100 million barrels of recoverable oil.

Kupe project construction completed and commissioning begins

3 November 2009 - Construction has been completed for the Kupe gas condensate project’s onshore production station in south Taranaki and commissioning of the system is now beginning using pipeline gas.

Cue Energy lists on New Zealand stock exchange

3 November 2009 - Melbourne-based oil and gas company Cue Energy Resources Ltd, 27% owned by Todd Energy, has publically listed on the NZX New Zealand share market following up the success of the Maari oil field.

Comet Ridge plans aerial geophysics over Buller, Waikato permits

3 November 2009 - Brisbane-based coal seam gas explorer Comet Ridge is to conduct regional aeromagnetic surveys in its Buller and Waikato permits in late 2009 specifically designed to high-grade the most prospective areas for coal seam gas deposits.

Offshore oil and gas exploration season starts

2 November 2009 - Energy and Resources Minister Gerry Brownlee announced the MV Bergen Resolution has been contracted by Crown Minerals for an offshore seismic survey this summer.

Westech and NZOG ready to drilling Albacore-1 well

27 October 2009 - Westech Energy expects to begin drilling its Albacore-1 offshore north Taranaki well in November with New Zealand Oil & Gas as a 40% partner.

AWE granted new permit immediately north of New Plymouth

16 October 2009 - Australian Worldwide Exploration has been granted a new Taranaki permit, PEP 51558, which lies close offshore from New Plymouth city.

Kea awarded onshore Northland permit around Kaipara Harbour

16 October 2009 - Private New Zealand company Kea Petroleum Ltd has been awarded an exploration permit over an area surrounding Kaipara Harbour just north of Auckland.

Maari partners hit substantial new oil zone

5 October 2009 - The Maari oil field partners have found a substantial second zone of oil and successfully drilled a horizontal production well through the reservoir containing an estimated 30-40 million barrels of oil-in-place.

Todd Energy to build $65 million LPG plant in Taranaki

2 October 2009 - Todd Energy has announced it is to build a $65 million LPG plant in Taranaki to extract the butane-propane fuel from the natural gas stream of the Mangahewa and Pohokura gas fields.

Greymouth Petroleum adds Tiger Rig to fleet

1 October 2009 - Greymouth Petroleum has imported a lightweight mobile rig to add to its rig fleet.

TAG Oil to adsorb Trans-Orient in merger

30 September 2009 - Two Canadian-based companies operating in New Zealand, TAG Oil and Trans-Orient Petroleum, have announced they are to merge, with TAG as the surviving entity.

Contact now has 5.6 PJ of gas stored underground at Ahuroa

30 September 2009 - Contact Energy has now injected 5.6 petajoules (PJ) of gas into its Ahuroa underground gas storage facility in onshore Taranaki since it began storing the gas in December 2008.

Maari partners switch to begin drilling M2A production well

28 September 2009 - The Maari oilfield expansion drill plan has been switched to commence drilling of the M2A production well into the sands that lie approximately 50 m above the now-flowing Moki reservoir in the offshore Taranaki field.

Todd drilling three Mangahewa gas wells as part of $100m campaign

28 September 2009 - Todd Energy, the leading NZ-owned oil and gas producer, spudded the onshore Mangahewa 4 well on 1 August, which is the first of a three well campaign in its 100% owned Mangahewa gas condensate field.

L&M Petroleum looking at combining with L&M CSG

25 September 2009 - Stock exchange-listed L&M Petroleum Ltd is looking at acquiring all or part of associated private company L&M Coal Seam Gas Ltd – the largest individual CSG permit holder in New Zealand.

Todd awarded large permit west and south of Maari oil field

28 September 2009 - Todd Exploration Ltd has been awarded a new 100% owned offshore exploration permit, PEP 51313, located to the west and south of the Maari oil field in offshore south Taranaki Basin.

Maari output near 40,000 bbls a day as Manaia-1 extension hits oil

11 September 2009 - Production of crude oil from the offshore Maari oil field has reached close to 40,000 barrels a day, substantially above the expected production capacity.