Board of Directors
NZEC is led by an experienced senior management team with a strong track record of success in oil and natural gas exploration and development. The team has individually and collectively added corporate value in a number of oil and gas ventures over the past several decades. All NZEC's employees live and work in New Zealand, with an accounting and administration team, a team providing corporate oversight and investor relations, an operations team, a geotechnical team, and also a team operating the Waihapa Production Station.
Chief Executive Officer,
Michael Adams, M.Sc., B.Sc, MRSNZ
Michael has 30 years of commercial, management, operational, and reservoir engineering experience from working in New Zealand, Australia, the Middle East, and the North Sea. He qualified with an M.Sc. (Hons. Physics) and B.Sc. (Physics, Geology) then began his career with national oil company Petrocorp, which was the dominant exploration and appraisal business at the time.
Michael was involved in the initial appraisal and development of the Waihapa field (New Zealand’s second largest onshore oil field), development of the McKee field (New Zealand’s largest onshore oil field,) and the discovery and appraisal of the Mt Messenger accumulations at Kaimiro.
He subsequently worked overseas in Australia and Qatar, including engagements with BHP Petroleum and QGPC before returning to New Zealand in 1996 to work for Fletcher Challenge Energy (Petrocorp under its new name). There he focused in particular on secondary and enhanced recovery projects in various Taranaki fields.
Mr Adams set up his own petroleum engineering consultancy in 1999 and has been involved in many successful project assignments both in New Zealand and overseas (e.g. Australia, Indonesia, PNG, Denmark, Tunisia), and was most recently working in the UK on deep water West Africa appraisal and development.
Chief Financial Officer
Derek Gardiner, CA
Derek joined us in January 2014 as Chief Financial Officer. Derek is a New Zealand Chartered Accountant and Chartered Secretary with a Master of Business Studies and more than 25 years of experience in the oil and gas industry in New Zealand, Australia, and Asia.
He has held senior financial, business planning, and accounting positions with Origin Energy NZ, Austral Pacific Energy, and a number of subsidiaries of Shell. Most recently he was Commercial and Finance Manager with Origin Energy NZ.
Derek brings significant governance, strategy, reporting, and analysis experience to NZEC. He also brings strong leadership skills and experience managing joint venture arrangements. As CFO, Derek oversees the company’s finance, accounting, administration, and risk management activities.
Despite its highly prospective geology and numerous oil and gas seeps, New Zealand remains largely underexplored and offers a unique opportunity to develop world-class hydrocarbon resources in a geopolitically stable region.
We are currently producing light, high-quality oil from seven wells in the Taranaki Basin. With the right care and technique, this will produce for us for a long time.