Oil and gas industry in New Zealand

Oil and gas industry in New Zealand
Storage tanks in Manukau

The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces petroleum products and natural gas.

In 2008, New Zealand's self sufficiency in oil (production divided by consumption) was 47%, i.e. the country imports over half its petroleum product needs (though actual imports are higher, as some of the local product is also exported).[1] In the March 2010 quarter, 28.7 petajoules of crude were produced in New Zealand, 78 pj of petroleum products imported (most of it crude), and 61.6 pj consumed. The difference is exported or used for international travel (aviation fuel and similar).[2]

Oil and gas is produced from 21 petroleum licenses / permits, all in the Taranaki basin.[3] The most important fields are Kapuni, Maui, Pohokura and Kupe. Exploration for oil and gas reserves includes the Great South Basin and offshore areas near Canterbury and Gisborne.

The major industry body is the Petroleum Exploration and Production Association of New Zealand.

Contents

History

In 1865, the Alpha well was drilled near Mikotahi at New Plymouth.[4] This was the first oil well in what is now the Commonwealth and one of the first in the world. A petroleum industry developed at Moturoa, including producing wells and refineries. The last refinery was closed in 1972. The field continues to produce small quantities of oil.[5]

Oil and gas fields

Proven and probable (P50) reserves, ultimate and remaining, as at 1 January 2011.[1]

Producing fields

Field Ultimate oil recoverable
(mmbbls)		 Remaining oil reserves
(mmbbls)		 Ultimate gas recoverable
(PJ)		 Remaining gas reserves
(PJ)
Maui 158 4 3,962 101
Kapuni 68 4 1,098 169
Pohokura 57 38 1,185 891
Maari 58 46
Kupe 32 29 287 254
Tui 51 21
Turangi 7 6 193 168
Kowhai 5 5 160 151
Mangahewa 5 4 237 175
Ngatoro 13 4 65 37
McKee 48 1 226 50
Others 32 3 175 23
Total 534 166 7,587 2,021

Non-producing fields

Field Estimated oil recoverable
(mmbbls)		 Estimated gas recoverable
(PJ)
Radnor 0.9 5
Total 0.9 5

See also

References

  1. ^ a b Energy Data File. MED. July 2011. http://www.med.govt.nz/edf. 
  2. ^ "New Zealand Energy Quarterly, March 2010". 16 June 2010. http://www.med.govt.nz/upload/72957/NZEQ_Mar_2010.pdf. Retrieved 8 July 2010. 
  3. ^ "Petroleum Overview". Crown Minerals, Ministry of Economic Development. 26 June 2008. http://www.crownminerals.govt.nz/cms/petroleum/overview. 
  4. ^ Lambert, Ron (1995). In Crude State - a History of the Moturoa Oilfield New Plymouth. Methanex New Zealand. ISBN 0-473-03428-X. 
  5. ^ "Moturoa black gold - "the good oil"". Puke Ariki. 19 November 2004. http://www.pukeariki.com/en/stories/businessAndIndustry/moturoaoil.htm. Retrieved 2009-07-25. 

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