Country report
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37 Pages

New Zealand upstream summary

New Zealand upstream summary

Report summary

New Zealand's upstream oil and gas industry is dominated by the Taranaki Basin, with all production sourced from this area. The total remaining value of upstream assets in New Zealand is over US$4.5 billion.Historically, the country's production has come from a few large fields. The most notable is the Maui gas/condensate field, which commenced production in 1979. Recent discoveries, including the Tui and Maari oil fields and the Pohokura and Kupe gas/condensate fields, have ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 986.75 KB 37 Pages, 15 Tables, 12 Figures
  • Country Overview XLS - 628.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Taranaki basin
    • East coast basin
    • Northland basin
    • Wanganui basin
    • West coast basin
    • Solander basin
    • Canterbury basin/Chatham Rise
    • Great South basin
  • Exploration
    • Licensing
    • Historical licensing
    • Drilling
      • Drilling activity
      • Success rates
  • Reserves and resources
  • Production
    • Oil/Liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
  • Policy and regulation
    • State oil company
    • State participation
    • Licensing
    • Exploration Permits
      • Petroleum Prospecting Permits (PPP)
      • Petroleum Exploration Permits (PEP)
    • Exploration Permit Award Process
      • Priority-in-Time Applications
      • Petroleum Exploration Permit Offer
    • Production Permits
  • Fiscal terms
    • Current fiscal terms
    • Royalty and Other Production Taxes
      • Royalty
      • Basic (AVR) Regime
      • Hybrid (AVR:APR) Regime
      • 2004 Gas Exploration Incentive Terms
    • Concessions (Royalty/Tax)
      • State Equity Participation
      • Export duty
      • Environmental/CO2 taxes
      • Energy Resources Levy
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
    • Product Pricing
      • Liquids Pricing
      • Natural Gas Pricing
      • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Taxable Income
      • Loss Carry Forward
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
    • Sample Cash Flow Key Assumptions
    • Marginal Government Take Calculation
      • 1970/1980s
      • 1990s
      • October 1990 Tax Changes
      • December 1991 Tax Changes
      • GEM MODELS

In this report there are 27 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • New Zealand
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2015
  • Geology
    • Sedimentary Basins of New Zealand Map
  • Exploration
    • Licence Activity
    • E & A Drilling Activity by Well Type
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Remaining and Produced Commercial Liquids and Gas Reserves at 01/01/2016 (2P)
    • Reserves and resources: Table 1
  • Production
    • Liquids Production
    • Production: Table 1
    • Production: Table 2
    • Gas Production
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Oil Infrastructure Map
    • Infrastructure: Table 1
    • Gas Infrastructure Map
    • Infrastructure: Table 2
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
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