Country Report

New Zealand upstream summary

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Report summary

New Zealand's upstream oil and gas industry is dominated by a few large fields and all production comes from the Taranaki Basin. The most notable is the Maui gas/condensate field, which commenced production in 1979 and is now in decline. The more recently discovered Tui and Maari oil fields, and the Pohokura and Kupe gas/condensate fields have offset the decline from Maui. All gas is used domestically and the produced liquids are sold to refineries elsewhere in the region.The last ...

What's included

This report contains

  • Document

    Country Overview

    PDF 11.15 MB

  • Document

    Country Overview

    XLS 628.00 KB

  • Document

    Country Overview

    ZIP 11.66 MB

  • Document

    Executive summary

    PDF 58.53 KB

  • Document

    Key facts

    PDF 67.36 KB

  • Document

    Location maps

    PDF 4.26 MB

  • Document

    Key companies

    PDF 102.86 KB

  • Document

    Geology

    PDF 797.49 KB

  • Document

    Exploration

    PDF 126.25 KB

  • Document

    Reserves and resources

    PDF 112.40 KB

  • Document

    Production

    PDF 121.50 KB

  • Document

    Infrastructure

    PDF 6.01 MB

  • Document

    Policy and regulation

    PDF 95.89 KB

  • Document

    Fiscal terms

    PDF 164.44 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Taranaki Basin
    • East Coast Basin
    • Northland Basin
    • Wanganui Basin
    • West coast Basin
    • Solander Basin
    • Canterbury Basin/Chatham Rise
    • Great South Basin
    • Licensing
    • Historical licensing
      • Drilling activity
      • Success rates
  • Reserves and resources
    • Oil/Liquids
    • Gas
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
    • Current fiscal terms
      • Royalty
      • Basic (AVR) Regime
      • Hybrid (AVR:APR) Regime
      • 2004 Gas Exploration Incentive Terms
      • State Equity Participation
      • Export duty
      • Environmental/CO2 taxes
      • Energy Resources Levy
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • 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

Tables and charts

This report includes 27 images and tables including:

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 1
  • Fiscal terms: Table 7

Images

  • New Zealand
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Liquids and Gas Production 2018
  • Remaining and Produced Commercial Liquids and Gas Reserves at 01/01/2018 (2P)
  • Sedimentary Basins of New Zealand Map
  • Licence Activity (Exploration and Development)
  • Liquids Production
  • Gas Production
  • Oil Infrastructure Map
  • Gas Infrastructure Map
  • E & A Drilling Activity by Well Type
  • Technical and Commercial Success Rates

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