New Zealand

Greymouth Gas outlines claims against NZ Government

NEW Zealand owned and operated Greymouth Gas Turangi Limited has updated details on its lodgement of High Court claims against the New Zealand Government and its plans to halt offshore oil and gas exploration in the country. The Greymouth claims allege that: NZ Energy Minister Megan Woods’ decision declining to grant an offshore coastal permit to Greymouth following submission of a compliant bid in the 2017 Block Offer was not

New figures show NZ is digging itself into a massive financial hole with planned oil and gas ban

ENDING offshore oil and gas exploration could cost New Zealand taxpayers up to NZ$23.5 billion and increase emissions at the same time, according to new figures released by Government officials. New Zealand’s oil and gas industry lobby body, the Petroleum Exploration and Production Association of New Zealand (PEPANZ) says it is time for a re-think on plans to end new offshore exploration. “The Regulatory Impact Assessment (RIS) shows that ending

New Zealand industry shocked by Government decision on permits

The Petroleum Exploration and Production Association of New Zealand (PEPANZ) has lashed out at a decision by the Government to halt offshore Block Offers, saying it is likely to affect New Zealand’s energy security and international reputation. “The decision is a lose-lose for New Zealand’s economy and environment, likely to threaten jobs and mean higher prices for consumers,” says PEPANZ CEO Cameron Madgwick. “This will do nothing to reduce global

Pukatea-1 successfully flows oil in NZ

Australia’s Melbana Energy Limited reports that a successful successful production test has been undertaken at the Pukatea-1 in onshore Taranaki Basin permit PEP-51153 in New Zealand. Melbana said the production test of the Pukatea-1 oil zone found in the Mt. Messenger formation has flowed oil at an intial rate of 600bbls day on a 28/64” choke. The well flowed naturally without the aid of artificial lift. Testing of the zone

Melbana reports early oil shows from Pukatea well in NZ

ASX-listed Melbana Energy Limited, formerly MEO, has reported some promising results from the currently drilling Pukatea-1 exploration well in New Zealand onshore permit PEP-51153. Melbana reported that the well penetrated the secondary Mt. Messenger objective, which was encountered two metres high to prognosis, recording encouraging oil shows over a 14mMD gross interval. The company said the significance of these shows will be assessed when the zone is wireline logged (anticipated

Melbana says NZ well spud is imminent

ASX-listed Melbana Energy Limited report that spudding of the high impact Pukatea-1 exploration well in New Zealand onshore permit PEP 51153 is imminent with the drilling rig being mobilised to site. Melbana said mobilisation and preparatory activities are expected to take one week with drilling planned to commence on or about 25 January 2018 and take approximately 33 days to reach a total depth of approximately 3,170 metres. The primary

TAG’s Cheal exploration well pays off in NZ

TAG Oil Ltd has announced the successful drilling and flow testing of the Cheal-E8 exploration well in the onshore Taranaki Basin in New Zealand. The well will now be tied-in to TAG Oil’s existing infrastructure in the area as a permanent producer. The Cheal-E8 well was drilled on TAG Oil’s 70% working interest and operated Cheal East permit (PEP -54877). The well was drilled to a total measured depth of

Aeromagnetic surveys underway in Otago and Canterbury

NEW Zealand Petroleum and Minerals (NZP&M) reports that its aeromagnetic survey in northern Otago/southern Canterbury is scheduled to re-start in early November after a  temporary two week suspension. NZP&M said it is taking a break from surveying to allow time for farmers on low lying areas to finish late season lambing and to wait for recent snow cover on the higher ground to melt. The agency stated that once the

NZ Permit fees on the rise

THE New Zealand Government has elected to increase petroleum and minerals permit fees despite its resources sector facing difficult times. New Zealand Petroleum and Minerals (NZP&M) reported that following consultation the decision was take raise fee costs to help the government recover the costs of permit administration. The new fees will take effect from January 1, 2017. “Fees have not been substantially reviewed for some time, resulting in a widening

PEPANZ welcomes new marine economy report

THE Petroleum Exploration and Production Association of New Zealand(PEPANZ) has welcomed a new Statistics New Zealand report that highlights the importance of the oil and gas sector to New Zealand’s marine economy. The report, New Zealand’s marine economy: 2007-13, released by Statistics New Zealand, shows offshore minerals (mainly oil and gas extraction and exploration), was the largest PEPANZ’s chief executive, Cameron Madgwick, said the report shows offshore oil and gas