New Zealand Oil and Gas Report - Business Monitor International - Industry Reports

New Zealand Oil and Gas Report

New Zealand Oil and Gas Report - Business Monitor International - Industry Reports
New Zealand Oil and Gas Report
Published Aug 06, 2016
65 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Limited upside risk comes from the country s latest block offer. On March -- ----, the New Zealand Ministry of Petroleum & Minerals launched tenders for exploration in five prospective areas (including one onshore and four offshore areas) across four different basins as part of the ---- Block Offer. The invitation for bids will close on September - ----, with permits to be granted in December. However, given the concentration of firms bids for permits within the Taranaki seen in the previous round, along with the modest number of areas offered, we believe that this round is unlikely to diversify New Zealand s exploration efforts outside the Taranaki. Table: Proven Oil and Gas Reserves (New Zealand ---------) ---- ----e ----f ----f ----f ----f Proven oil reserves, mn bbl --.- --.- --.- --.- --.- --.- Proven oil reserves, bn bbl -.- -.- -.- -.- -.- -.- Proven oil reserves, y-o-y ---.- --.- --.- --.- --.- --.- Reserves to production ratio (RPR), years -.- -.- -.- -.- -.- -.- Natural gas proven reserves, bcm --.- --.- --.- --.- --.- --.- Natural gas proven reserves, tcm -.- -.- -.- -.- -.- -.- Natural gas proven reserves, y-o-y -.- -.- ---.- --.- ---.- ---.- ...However, given the concentration of firms bids for permits within the Taranaki seen in the previous round, along with the modest number of areas offered, we believe that this round is unlikely to diversify New Zealand s exploration efforts outside the Taranaki. Table: Proven Oil and Gas Reserves (New Zealand ---------) ---- ----e ----f ----f ----f ----f Proven oil reserves, mn bbl --.- --.- --.- --.- --.- --.- Proven oil reserves, bn bbl -.- -.- -.- -.- -.- -.- Proven oil reserves, y-o-y ---.- --.- --.- --.- --.- --.- Reserves to production ratio (RPR), years -.- -.- -.- -.- -.- -.- Natural gas proven reserves, bcm --.- --.- --.- --.- --.- --.- Natural gas proven reserves, tcm -.- -.- -.- -.- -.- -.- Natural gas proven reserves, y-o-y -.- -.- ---.- --.- ---.- ---.-

...Falling oil production will see New Zealand become increasingly dependent on crude oil imports, benefiting suppliers in the Middle East as well as Russia and Malaysia. New Zealand will continue to export small quantities of jet fuel and residual fuel oil, while continuing to require gasoline, diesel and LPG imports. ...New Zealand will continue to export small quantities of jet fuel and residual fuel oil, while continuing to require gasoline, diesel and LPG imports. The government s plans to create a renewables-oriented energy mix pose a downside risk to oil-based fuel consumption in the transportation, industrial and power sectors. New Zealand s lack of an LNG import or export infrastructure means that its gas consumption remains capped by domestic gas production. ...New Zealand s lack of an LNG import or export infrastructure means that its gas consumption remains capped by domestic gas production. The country s small domestic market and largely stagnant consumption growth outlook renders expensive LNG terminal projects infeasible.

...The majority of exploration in New Zealand remain confined to the Taranaki basin, which has remained the country s only source of commercial oil and gas production over the past few decades, even though there are a further -- sedimentary basins that remain underexplored. Sub-commercial discoveries have been made in the East Coast, Canterbury and Great South basins, indicating the likelihood of petroleum systems outside of the Taranaki. ...

  
Source:
Document ID
2056-449X
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "New Zealand Oil and Gas Report" Aug 06, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Oil-and-Gas-Report-2026-1548>
  
APA:
Business Monitor International - Industry Reports. (2016). New Zealand Oil and Gas Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Oil-and-Gas-Report-2026-1548>
  
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