NZEC Overview


Management Team

Board of Directors

Corporate Governance

Cautionary Notes



Management Team


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,

Ketan Chhima, B.Com, CA

In 2019 Ketan left Greymouth Petroleum to take up a position as Group Financial Controller (head of finance) for a global film production company based in Auckland and with a presence in many countries.


He has resigned from that role to take the position with NZEC.


Prior to Greymouth, Ketan worked in a big 4 accounting firm as a manager in the business advisory service team working with a variety of clients providing compliance and financial advisory services. 






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.