New Zealand petroleum exploration and production statistics

Key exploration and production statistics:

  • The Taranaki Basin is the only oil and gas producing basin in New Zealand, covering an area of approximately 330,000 square kilometres
  • One onshore permit awarded in Block Offer 2017,  in the Taranaki Basin
  • New Zealand was ranked 14 out of 97 in the Fraser Institute Global Petroleum Survey 2017

Oil

  • Ultimate recoverable oil reserves (2P) at 1 January 2017 – 588.2 mmbbls
  • Remaining oil reserves (2P) at 1 January 2017 – 78.1 mmbbls
  • Maari (26%) and then Pohokura (25%) were the largest producers of oil
  • Net oil (crude, condensate, naphtha and NGL - LPG excluded) produced in 2017 – 11.3 mmbbls
Oil market summary for 2016
Gas
  • Net gas produced in 2017 – 188.8 PJ
  • Ultimate recoverable gas reserves (2P) at 1 January 2017 – 8,576.9 PJ
  • Remaining gas reserves (2P) at 1 January 2016 - 2,020.4 PJ
  • Pohokura (38%) and Mangahewa (18%) were the largest producers of gas
  • Net LPG produced in 2017 – 8.7 PJ

Natural Gas Industry Summary for 2016

Data Source: Energy in New Zealand 2017 - Ministry of Business, Innovation and Employment