From
the pro-development lobby - however, useful for the maps they have provided.
Note this is just the off-shore drilling
Note this is just the off-shore drilling
New
Zealand: Barely Scratching Offshore Potential
2
April 2014
New
Zealand’s Energy and Resources Minister Simon Bridges has launched
the country’s third annual block offer for oil and gas exploration
which included five offshore release areas in the Reinga-Northland
Basin, Taranaki Basin, New Caledonia Basin, Pegasus-East Coast Basin
and Great South-Canterbury Basin (maps below).
"Oil
is our fourth largest export, with a value of around $1.8 billion in
2012. The Government receives around 42 per cent of the profits, or
approximately $700 million each year. This money is invested back
into our communities in key infrastructure projects like schools,
roads and hospitals. But we have barely scratched the surface of our
potential,” says Bridges. “If just one more of our 18 basins was
opened for production, like Taranaki, it would be an economic
game-changer for our nation.”
Last
year’s block offer saw Statoil and Woodside enter the country for
the first time. Another recent entrant, Anadarko, however, plugged
and abandoned its exploration well in deepwater offshore Taranaki.
The
majority of New Zealand’s oil and gas activity is focus around
Taranaki. The Taranaki basin covers an area of about 100,000 square
kilometres on the west coast of the North Island. Offshore drilling
commenced there in the late 1960’s, and the country’s largest oil
and gas field, Maui, was discovered off Taranaki in 1969. Maui
commenced production in 1979 and is still producing.
Exploration
continues. The Archer Emerald modular offshore drilling unit is
currently drilling sidetrack wells from the Maui A platform.
Discovered in 1969 by a joint venture consisting of Shell, BP and
Todd Petroleum, the Maui gas field was one of the largest in the
world at the time. Dominant for 40 years, it is now largely depleted
and the country’s production is now focused on Kupe and Pokokura.
The
jack-up Ensco Rig 107 arrived in New Zealand from Singapore in March
to commence a drilling program at the Maari oil field for OMV which
could last nine months, reports Energy Stream NZ. Maari is New
Zealand’s largest oil field, and it lies 80 km off the south
Taranaki coast.
Tui
oil field operator AWE is currently employing the semisub Kan Tan IV
to drill a northern extension to the Pateke Prospect, a proven
producing reservoir. The drilling has indicated the likely presence
of oil. Tui is located offshore in the Taranaki basin approximately
50km off the coast in water depth of about 120m. Production began in
2007, less than five years after discovery, and 20 months after the
investment decision was taken. In October 2013 New Zealand Oil &
Gas more than doubled its interest in the field, from 12.5 per cent
to 27.5 per cent when Mitsui E&P Australia sold its 35 per cent
share. Current partners are New Zealand Oil & Gas 27.5 per cent,
AWE 57.5 per cent and Pan Pacific Petroleum 15 per cent.
This
latest release, including east coast acreage, demonstrates a growing
interest in regions beyond Taranaki. Schlumberger Seaco, for example
aims to acquire at least 3400km of 2D seismic data on its offshore
East Coast Basin license. This is the second prospecting permit for
the company in less than two years. Schlumberger shot the biggest
single 3D seismic survey yet in New Zealand in 2012. The survey
covered over 5,000 square km north of the Pohokura gas-condensate
field.
Bridges
said the government is opening industry nominations for the 2015
block offer so that explorers can identify where they believe effort
will be most worthwhile
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