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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.
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NZEC is currently producing light, high-quality oil from nine wells in the Taranaki Basin, and is executing a comprehensive development and exploration program to further increase production.
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With world-class resource potential encompassing 13 known sedimentary basins, New Zealand’s energy sector is just getting started.
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New Zealand’s fiscal and regulatory regime governing energy exploration and production is comparable to the best current regimes in Western Canada.
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New Zealand’s extensive energy infrastructure ranges from processing facilities and a domestic natural gas system to an extensive pipeline system and in-country oil terminals.
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