STRATEGY New Zealand Oil & Gas has a low cost structure, cash for acquisitions, subsurface expertise, exploration interests in New Zealand, Australia and Indonesia, and a controlling interest in ASX-listed Cue Energy
The Sampang PSC is located in the Madura Straight offshore Madura Island in East Java, Indonesia. It is composed of two producing fields: Oyong oil and gas field and Wortel gas field.
Kupe is a gas and light oil/condensate field that lies in the offshore Taranaki basin, in about 35 meters of waters approximately 30 kilometers off the coast of New Zealand.