AWE Limited has entered into an agreement to sell the company’s 57.5% interest in the Tui area oil fields to Tamarind Management Sdn Bhd, subject to customary consents from the New Zealand Government and Tui Joint Venture.
OMV New Zealand, the operator of Maari oil field, has ceased oil production and is de-manning the Maari wellhead platform (WHP) as a precautionary measure while it deals with a crack found in one of the platform’s horizontal struts.
Statoil has informed the New Zealand Government of its decision to stop looking for oil and gas in the Reinga basin.
Statoil has agreed to acquire a 30% working interest in New Zealand’s Petroleum Exploration Permit (PEP) 57073 from OMV.
New Zealand’s Energy and Resources Minister Simon Bridges has announced the award of nine new oil and gas exploration permits for Block Offer 2015.
TAG Oil, a Canadian-based corporation with operations in New Zealand, announced Thursday that its COO, Frank Jacobs, has resigned to pursue other opportunities.
Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd.
AWE Limited, as operator of PMP 38158, has completed the subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system. Oil production has now commenced.
New Zealand's Energy and Resources Minister, Simon Bridges, has launched Block Offer 2015, the country's annual tender for oil and gas exploration permits.
Cue Energy has initiated production from the Maari MR6A development well, with an initial production rate of approximately 7,800 bopd.
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