New Zealand Oil & Gas

Company Profile

New Zealand Oil & Gas

New Zealand Oil & Gas (NZOG) is an exploration and production company listed on both the New Zealand and Australian stock exchanges.

NZOG, which typically participates in exploration and production as a joint-venture partner, has minority stakes in two producing fields - Kupe and Tui.  In the 2013 financial year, its share of production from the two fields was about 500,000 barrels of oil and just over 2.7 PJ of gas, which generated revenues of around $100 million NZ dollars.  At the end of the 2013 financial year NZOG retained cash of over $158 million NZ dollars with no debt.

The Wellington-based company also has interests in eight exploration permits in New Zealand’s Taranaki Basin, four of which it operates, and a stake in three permits in the Great South-Canterbury Basin.   It has a strong track record in block offer rounds having won three permits in block offer 2013, two of which were with Australian Operator Woodside.

It has also been actively pursuing exploration opportunities in Indonesia and Tunisia as part of a strategy to replace its declining reserves by investing part of its cashflow in lower-risk, proven producing areas.

 

Contact details

Dr Chris McKeown
Vice President Exploration & Production

Head office:
Level 20
125 The Terrace
PO Box 10 725
Wellington 6011
New Zealand

DDI: +64 4 495 2410
M: +64 21 344 953
P: +64 4 495 2424