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’re currently producing light, high-quality oil from seven wells in the Taranaki Basin, and executing a comprehensive development and exploration program to further increase production.
With world-class resource potential encompassing 13 known sedimentary basins, New Zealand’s energy sector is just getting started.
New Zealand’s fiscal and regulatory regime governing energy exploration and production is comparable to the best current regimes in Western Canada.
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.