About New zealand oil & gas
New Zealand Oil & Gas: Exploring the World for Energy
New Zealand Oil & Gas is a leading exploration and production company that has been operating in New Zealand, Australia, United States, and Indonesia for over 30 years. The company is listed on the NZX stock exchange and has a full portfolio of interests in oil and gas exploration.
The company's mission is to explore new frontiers for energy resources while maintaining a strong commitment to environmental sustainability. With its extensive experience in the industry, New Zealand Oil & Gas has established itself as a reliable partner for governments, communities, and other stakeholders.
Exploration Interests
New Zealand Oil & Gas has an impressive portfolio of exploration interests across four countries. In New Zealand alone, the company holds interests in over 20 permits covering more than 50,000 square kilometers of land. These permits are located both onshore and offshore and include some of the most promising areas for oil and gas exploration in the country.
In Australia, New Zealand Oil & Gas holds interests in several offshore permits located off the coast of Western Australia. These permits cover an area of approximately 10,000 square kilometers and are situated within one of Australia's most prolific hydrocarbon basins.
In addition to its Australian assets, New Zealand Oil & Gas also holds interests in several onshore properties located throughout the United States. These properties are situated within some of America's most productive oil-producing regions such as Texas' Permian Basin.
Finally, New Zealand Oil & Gas also maintains an interest in several offshore blocks located off Indonesia's coast. These blocks cover an area of approximately 8 million acres and have significant potential for both oil and gas discoveries.
Production Interests
In addition to its extensive exploration portfolio, New Zealand Oil & Gas also maintains production interests across all four countries where it operates. In particular:
- In New Zealand: The company operates two producing fields - Kupe (gas) field and Tui (oil) field. These fields have a combined production capacity of approximately 20,000 barrels of oil equivalent per day.
- In Australia: New Zealand Oil & Gas holds a 15% interest in the BassGas project located off the coast of Victoria. This project produces both gas and condensate and has been in operation since 2005.
- In the United States: The company holds interests in several producing properties located throughout Texas' Permian Basin. These properties produce both oil and gas and have been in operation for several years.
Environmental Sustainability
New Zealand Oil & Gas is committed to environmental sustainability across all its operations. The company recognizes that its activities can impact local communities, ecosystems, and natural resources, and therefore takes great care to minimize these impacts.
In particular, New Zealand Oil & Gas has implemented several initiatives aimed at reducing greenhouse gas emissions from its operations. For example:
- The company has invested heavily in renewable energy sources such as wind power to reduce its reliance on fossil fuels.
- It has also implemented measures to reduce flaring (the burning of excess gas) during production activities.
- Finally, New Zealand Oil & Gas works closely with local communities to ensure that its operations are conducted responsibly and with minimal impact on the environment.
Conclusion
New Zealand Oil & Gas is a leading exploration and production company with an impressive portfolio of interests across four countries. With over 30 years' experience in the industry, the company has established itself as a reliable partner for governments, communities, and other stakeholders.
Despite operating within an industry that can have significant environmental impacts, New Zealand Oil & Gas is committed to sustainability across all its operations. By investing heavily in renewable energy sources such as wind power while minimizing greenhouse gas emissions from its activities through various initiatives like reducing flaring during production activities or working closely with local communities so they can be conducted responsibly without harming nature or people's livelihoods - this company is setting an example for others to follow.