New Zealand Oil & Gas Ltd has exploration acreage in New Zealand’s only hydrocarbon-producing region, the Taranaki Basin, and in the offshore Canterbury Basin. NZOG is actively looking for other opportunities in New Zealand and overseas and has identified Tunisia and Indonesia as new core areas of interest.
Tunisia
NZOG has a prospecting permit in the Mediterranean's Gulf of Gabes, an established oil and gas producing region off the coast of Tunisia. Read more...
Indonesia
NZOG is pursuing a number of exciting Indonesian opportunities, primarily in onshore Sumatra. Read more...
Taranaki Basin
PEP 51311 (Kakapo)
NZOG 90% (Operator), Raisama 10%
NZOG is investigating possible rig options for drilling the Kakapo oil prospect (previously called Kaupokonui).
The prospect is a stacked series of Miocene coastal sands, which are laterally truncated and prognosed to be sealed by deep canyons. Estimates of mean prospective resources are 200+ million barrels. Seismic modelling has upgraded the chance of success through indications of a small gas cap on the main postulated oil column.
NZOG has a farm-out arrangement with ASX-listed Raisama Ltd, whereby Raisama will earn a 10% stake in the permit by paying 20% of the first well costs, capped at US$3m. NZOG is seeking an additional joint venture partner.
Map of PEP 51311 [693kB]
PEP 51558 (Kanuka)
NZOG 50%, Todd Energy (Operator) 50%
Todd Energy is leading a detailed review of this northern offshore Taranaki permit to improve definition of deep targets within the Kapuni sandstones, which have proven effective reservoirs in the largest Taranaki Basin fields.
Map of PEP 51558 (Kanuka) [929kB]
PML 38146 (Kupe)
NZOG 15%, Origin Energy 50% (Operator), Genesis 31%, Mitsui 4%
This Petroleum Mining Licence permit includes the Kupe Central Field.
The permit contains a number of other potential structures containing oil or gas. The joint venture is conducting further geological and geophysical assessment of those structures, with the possibility of drilling one or more prospects in conjunction with scheduled 2nd stage development drilling within the Kupe Central Field.
Map of PML 38146 (Kupe) [1.1MB]
PMP 38158 (Tui)
NZOG 12.5%, AWE 42.5% (Operator), Mitsui 35%, Pan Pacific Petroleum 10%
This Petroleum Mining Permit includes the producing Tui area oil fields.
The permit also contains a number of prospects and leads. Un-drilled prospects are undergoing further evaluation incorporating the latest seismic reprocessing and modelling work, to determine the merit of any further exploration drilling opportunities.
Map of PMP 38158 (Tui) [243kB]
Canterbury Basin
PEP 38259 (Barque)
NZOG 40% (Operator), Beach Energy 35%, AWE 25%
This permit contains the Barque prospect. In late 2011 AWE agreed to transfer the Operatorship to NZOG. The deadline for commiting to drill a well has been extended to August 2012. This allows time for NZOG to undertake a concerted international farm-out campaign. The objective is to attract into the joint venture a new partner with experience in drilling in frontier basins.
Map of PEP 382549 [367kB]
Summary Maps
Taranaki Permits [3.9MB]
NZ Permits [2.0MB]
