Tag: Kupe

New Zealand Oil Gas Signs Extension to Kupe Gas Sales and the Kupe JV Commits to a Drilling Rig

Posted on 7 March 2023

  • New Zealand Oil Gas signs an extension to the Gas Supply Agreement with Genesis Energy for supply of gas from the Kupe field
  • Three year extension from 1 October 2023 for delivery into the New Zealand gas market at a fixed price
  • The Kupe Joint Venture signs a drilling contract with Valaris for drilling the KS 9 well

 

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Kupe Compression Project Successfully Complete

Posted on 14 October 2021

New Zealand Oil & Gas is pleased to confirm that the inlet compression project at Kupe has completed. Operator Beach Energy, along with Joint Venture partner Genesis Energy, has successfully procured, installed, and commissioned the new compressor at the Kupe plant and it is now available for full operation.

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23% Increase in Kupe Reserves

Posted on 17 August 2020

New Zealand Oil & Gas has materially upgraded its developed reserves in the Kupe gas and light oil field off Taranaki, New Zealand.

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FID For Kupe Production Installation

Posted on 28 August 2019

A final investment decision for a compression installation project has been approved by partners in
the Kupe joint venture.

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Kupe Production Off Plateau

Posted on 2 August 2019

Production from the Kupe gas fields is off plateau, the joint venture has advised.

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Kupe Transaction Completes

Posted on 14 December 2017

New Zealand Oil & Gas and Mitsui E&P Australia have completed the sale and purchase of a 4 per cent interest in the Kupe gas and light oil field.

 

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Regulatory Approvals Received for Kupe Transaction

Posted on 12 December 2017

Approval has been received from the Overseas Investment Office and from New Zealand Petroleum & Minerals for New Zealand Oil & Gas to purchase Mitsui E&P Australia's 4 per cent interest in the Kupe gas and light oil field.

 

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Kupe Sale and Purchase Agreement Signed

Posted on 6 July 2017

A sale and purchase agreement has today been signed by New Zealand Oil & Gas and Mitsui E&P Australia for Mitsui's 4 per cent interest in the Kupe gas and light oil field.

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New Zealand Oil & Gas buys Mitsui’s 4% of Kupe For $35m

Posted on 18 May 2017

- Quality investment appropriate to NZO’s current scale and appetite for sensibly diversified risk.

- Rights within the joint venture.

- Ongoing income from a well-understood, high-quality asset.

 

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Kupe transaction completed

Posted on 5 January 2017

The sale of the 15 per cent New Zealand Oil & Gas interest in the Kupe gas field off Taranaki, New Zealand, was completed on 1 January.

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