Archive: 28/10/2015

34.7% Increase in Kupe Developed Reserves

Posted on 28 October 2015

New Zealand Oil & Gas has materially upgraded its developed reserves in the Kupe gas and light oil field off Taranaki, New Zealand. Following a review by New Zealand Oil & Gas, the company’s 2P developed reserves have increased by 34.7 per cent, from 4.2 million barrels of oil equivalent to 5.6 million.

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