Abstract
New Zealand Oil and Gas Exploration and Production Industry Investment
Opportunities, Analysis and Forecasts of All Active and Planned Exploration
Blocks and Oil and Gas Fields to 2012
Summary
This profile is the essential source for top-level industry data and
information relating to the Exploration and Production industry in New
Zealand. It provides asset level information relating to the active and
planned oil and gas fields and exploration blocks in New Zealand. The profiles
of the major companies operating in the upstream industry of New Zealand are
also included in the report. The latest news and deals pertaining to the
sector are also provided and analyzed.
Scope
・ Updated information relating to all active and planned exploration
blocks.
・ Provides historical and forecast data and information for all
the major operating and planned crude oil and natural gas fields.
・
Details operators and equity partners of oil and gas fields and exploration
blocks.
・ Includes information relating to license round details, start
and end dates, acreage, location, and reserves.
・ Information on the top
companies in the sector including business description, strategic analysis,
and financial information.
・ Product and brand updates, strategy changes,
R&D projects, corporate expansions and contractions and regulatory
changes.
・ Key mergers and acquisitions, partnerships, private equity
investments and IPOs.
Reasons to buy
・ Obtain the most up to date information available on exploration licenses and
oil and gas fields.
・ Identify growth markets and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends.
・ Facilitate decision making on the basis of strong historic and
forecast data data.
・ Assess your competitor' s exploration and production
asset portfolio.
・ Understand and respond to your competitors business
structure, strategy and prospects.
・ Develop strategies based on the
latest operational, financial, and regulatory events.
・ Do deals with an
understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
・ Identify and analyze the
strengths and weaknesses of the leading companies.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 11
2.1 What Is This Report About? 11
2.2 How to Use
This Report 11
2.3 Market Definition 11
3 New Zealand, Country
Snapshot 12
3.1 New Zealand, Key Data 12
3.2 New Zealand, Exploration
And Production Map 13
3.3 New Zealand, Crude Oil & Natural Gas Reserves
14
4 New Zealand, Crude Oil and Natural Gas Production 16
4.1 New
Zealand, Historical Crude Oil Production 16
4.2 New Zealand, Historical
Natural Gas Production 17
4.3 New Zealand Crude Oil and Natural Gas
Producing Assets Details 18
4.4 New Zealand, Crude Oil Producing Assets by
Area 20
4.5 New Zealand, Natural Gas Producing Assets by Area 21
4.6
New Zealand, Planned Production Assets Details 22
4.7 New Zealand, Crude
Oil Production by Company 22
4.8 New Zealand, Natural Gas Production by
Company 23
5 New Zealand, Crude Oil and Natural Gas Forecasts 24
5.1
New Zealand, Forecasted Crude Oil Production 24
5.2 New Zealand,
Forecasted Natural Gas Production 24
5.3 New Zealand, Forecasted Crude Oil
Production of Key Assets 25
5.4 New Zealand, Forecasted Natural Gas
Production of Key Assets 25
5.5 New Zealand, Forecasted Asset Wise Gross
Revenues 26
5.6 New Zealand, Forecasted Asset Wise Total Government Take
26
5.7 New Zealand, Forecasted Asset Wise Income Tax 27
5.8 New
Zealand, Forecasted Asset Wise Total Contractor Take 27
6 New Zealand
Exploration Block Details 28
6.1 New Zealand, Total Number of Active
Exploration Blocks 28
6.2 New Zealand, Total Number of Active Exploration
Blocks by Company 29
6.3 New Zealand, Exploration Blocks Details 31
6.4 New Zealand, Planned Exploration Blocks Details 37
7 OMV
Aktiengesellschaft 38
7.1 OMV Aktiengesellschaft, Key Information 38
7.2 OMV Aktiengesellschaft, Company Overview 38
7.3 OMV
Aktiengesellschaft, Business Description 38
7.3.1 OMV Aktiengesellschaft,
Business Description, Business Overview 38
7.3.2 OMV Aktiengesellschaft,
Business Description, Chemicals 39
7.3.3 OMV Aktiengesellschaft, Business
Description, Exploration and Production 40
7.3.4 OMV Aktiengesellschaft,
Business Description, Gas 41
7.3.5 OMV Aktiengesellschaft, Business
Description, Petrom 42
7.3.6 OMV Aktiengesellschaft, Business Description,
Refining and Marketing 43
7.3.7 OMV Aktiengesellschaft, Business
Description, Major Products and Services 44
8 Royal Dutch Shell Plc 46
8.1 Royal Dutch Shell Plc, Key Information 46
8.2 Royal Dutch Shell Plc,
Company Overview 46
8.3 Royal Dutch Shell Plc, Business Description 46
8.3.1 Royal Dutch Shell Plc, Business Description, Business Overview 46
8.3.2 Royal Dutch Shell Plc, Business Description, Chemicals 47
8.3.3
Royal Dutch Shell Plc, Business Description, Exploration and Production 48
8.3.4 Royal Dutch Shell Plc, Business Description, Gas and Power 50
8.3.5
Royal Dutch Shell Plc, Business Description, Oil Products 52
8.3.6 Royal
Dutch Shell Plc, Business Description, Others 53
8.3.7 Royal Dutch Shell
Plc, Business Description, Major Products and Services 55
8.4 Royal Dutch
Shell Plc, Value Chain Analysis 57
8.4.1 Royal Dutch Shell Plc, Value
Chain Analysis, Upstream 57
8.4.2 Royal Dutch Shell Plc, Value Chain
Analysis, Midstream 58
8.4.3 Royal Dutch Shell Plc, Value Chain Analysis,
Retail 59
8.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power
Generation 60
8.4.5 Royal Dutch Shell Plc, Value Chain Analysis,
Transformation 60
8.5 Royal Dutch Shell Plc, SWOT Analysis 61
8.5.1
Royal Dutch Shell Plc, SWOT Analysis, Overview 61
8.5.2 Royal Dutch Shell
Plc, SWOT Analysis, Strengths 62
8.5.3 Royal Dutch Shell Plc, SWOT
Analysis, Weaknesses 63
8.5.4 Royal Dutch Shell Plc, SWOT Analysis,
Opportunities 63
8.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats
64
8.6 Royal Dutch Shell Plc, Operational Indicators 66
9 New Zealand
Exploration and Production Industry, Deals land Scape 68
9.1 Acquisition
68
9.1.1 Austral Pacific Energy Acquires Arrowhead Energy 68
9.1.2
Australian Worldwide Exploration Acquires 100% Shares Of New Zealand Overseas
Petroleum 69
9.2 IPO 71
9.2.1 Austral Pacific Completes Private
Placement Of $5.61 Million 71
9.2.2 Austral Pacific Energy Completes Final
Tranche Of Private Placement Of $3.9 Million 72
9.2.3 Austral Pacific
Energy Completes Private Placement Of $10 Million 74
9.2.4 Austral Pacific
Completes $3.25 Million Financing 75
9.2.5 Austral Pacific Completes
Private Placement Of $6.5 Million 76
9.2.6 Austral Pacific Completes
Private Placement Of $10 Million 77
9.2.7 Austral Pacific Completes Public
Offering For $5.2 Million 79
9.2.8 L&M Oil to raise AUD20 million in share
offer 80
9.3 Partnership 81
9.3.1 Mighty River Power Forms Joint
Venture With Swift Energy 81
9.4 Asset Transactions 82
9.4.1 Cue
Energy Resources Acquires 20% Interest In PEP 38494 permit 82
9.4.2 Origin
Energy And Contact Energy Acquires Oil And Gas Assets From Swift Energy 83
9.4.3 Austral Pacific Enters Into Farmout Agreement 85
9.4.4 Genesis
Acquires 15.1% Interest In PEP 38738-D And PMP 38156-D From TAG Oil 87
9.4.5 Mitsui Acquires An Additional 22.5% Stake in Tui Area Oil Project And
Hector South Sub Block From New Zealand Overseas Petroleum 88
9.4.6 Swift
Energy Forms Farm-In Agreement With Ballance Agri-Nutrients 89
9.4.7
Greymouth Petroleum To Acquire Assets From Swift Energy 90
9.4.8 Austral
Pacific Announces Farmout of PEP 38524 92
9.4.9 Horizon Oil To Acquire 25%
Interest In PEP-38494 93
10 New Zealand Exploration and Production
Industry, Recent Developments 95
10.1 License Rounds 95
10.1.1 Mar 10,
2008: New Zealand To Offer Blocks For Oil And Gas Exploration In 2008 95
10.2 Strategy and Business Expansion 95
10.2.1 Aug 31, 2008: AWE Plans To
Expand Tui Oil Field In New Zealand 95
10.2.2 Aug 08, 2008: Origin Plans
To Drill In Permit PEP38262, Offshore Canterbury Basin, New Zealand 96
10.3 Recent Discoveries 97
10.3.1 Jul 17, 2008: Origin Discovers Gas At
Momoho 1 Well In Offshore Taranaki Basin, New Zealand 97
10.3.2 Jul 11,
2008: TAG Discovers Oil At Cheal A7 Well In Cheal Oil Field, New Zealand
98
10.3.3 Jul 07, 2008: Origin Energy' s Momoho 1 Well Encounters Gas
98
10.4 Drilling and Production Updates 98
10.4.1 Sep 02, 2008:
Austral Pacific Commences Production From Cheal A7 Well, New Zealand 98
10.4.2 Sep 02, 2008: TAG Updates On Cheal A7 well 99
10.4.3 Aug 26, 2008:
Greymouth Announces Gas Flow From Kowhai Field Well In PEP 38742, New Zealand
99
10.4.4 Aug 25, 2008: LMP Spuds Goodwin-1 Well In PEP 38226 (Waiau), New
Zealand 100
10.4.5 Jul 24, 2008: Origin Updates On Momoho 1 Well In Permit
PML38146 100
10.4.6 Jul 10, 2008: Origin Energy Updates On Momoho 1 Well
101
10.4.7 Jul 03, 2008: Origin Energy Updates On Momoho 1 Well 101
10.4.8 Jun 26, 2008: Origin Energy Provides Drilling Update On Momoho 1 Well
In New Zealand 102
10.4.9 Jun 20, 2008: AWE Announces Growth In Reserves
102
10.4.10 Jun 20, 2008: NZOG Provides Update On Tui Area Oil Field
Reserves 103
10.4.11 Jun 19, 2008: Origin Energy Updates On Momoho 1 Well
104
10.4.12 Jun 17, 2008: Origin Energy Commences Drilling On Momoho 1
Well In New Zealand 104
10.4.13 Jun 11, 2008: TAG Provides Drilling Update
105
10.4.14 May 30, 2008: NZOG Announces Reserves Of Tui Oil Fields
105
10.4.15 May 28, 2008: Origin Tests Kupe South-7 Well 106
10.4.16
May 27, 2008: Austral Pacific To Drill Two Wells In Cheal Oil Field 106
10.4.17 May 18, 2008: Gas2Grid Updates On Kate-1 Well 107
10.4.18 May 12,
2008: NZOG Update On Momoho Well 107
10.4.19 May 12, 2008: Gas2Grid
Commences Drilling At Kate-1 Well 108
10.4.20 May 01, 2008: Origin Updates
On Kupe Development Wells, Offshore Taranaki Basin, New Zealand 108
10.4.21 Apr 27, 2008: Widespread Updates On Kate 1 Well 109
10.4.22 Apr
18, 2008: OMV Provides Q1 2008 Production Update 109
10.4.23 Apr 17, 2008:
Origin Provides Operational Update 109
10.4.24 Apr 10, 2008: Origin
Updates On Kupe South 7 (KS-7) Well 110
10.4.25 Apr 03, 2008: Origin
Provides Operational Update On Kupe Development Wells 110
10.4.26 Mar 27,
2008: Discovery Plans To Drill Awakino South-1 Well 111
10.4.27 Mar 27,
2008: Origin Updates On Kupe South Wells 111
10.4.28 Mar 20, 2008: NZOG
Updates On KS-8 Well 112
10.4.29 Mar 19, 2008: NZOG Provides Production
Update 112
10.4.30 Mar 13, 2008: NZOG Updates On KS-8 Well 113
10.5
Financial Announcements 114
10.5.1 Aug 29, 2008: NZOG Reports Fiscal 2008
Results 114
10.5.2 Aug 15, 2008: Austral Pacific Reports 2Q 2008 Results
115
10.5.3 May 14, 2008: Austral Pacific Reports Q1 2008 Results 116
10.5.4 Mar 28, 2008: Austral Pacific Reports 2007 Results 117
10.6 Other
Significant Developments 119
10.6.1 Aug 05, 2008: LMP To Use WEL' s Rig #8
For Drill CSG Drilling In South Island, New Zealand 119
10.6.2 Jul 05,
2008: Austral Pacific Updates On Cheal-A6 Well 119
10.6.3 Jul 05, 2008:
Austral Pacific Updates On A6 Well Drilling Results, Notifies Waihapa
Production Station Temporary Shut Down 120
10.6.4 Jul 02, 2008: New
Zealand' s Oil Reserves Rise 53% On Tui, Pohokura Fields 121
10.6.5 Jun 11,
2008: Austral Pacific Provides Operational Update 122
10.6.6 Jun 06, 2008:
Austral Pacific Delists From AMEX 122
10.6.7 Jun 05, 2008: Origin
Announces Completion Of Drilling And Testing At Kupe Development Wells
123
10.6.8 May 28, 2008: Shell Releases Ensco 56 Drilling Rig From
Pohokura Field 123
10.6.9 May 22, 2008: Origin Updates On Kupe South 8
Well 124
10.6.10 May 15, 2008: Origin Updates On Kupe Development Wells,
Offshore Taranaki Basin, New Zealand 125
10.6.11 May 08, 2008: Origin
Updates On Kupe Development Wells 125
10.6.12 Apr 24, 2008: NZOG Updates
On KS-7 ST1 126
10.6.13 Mar 28, 2008: Origin To Drill Momoho Exploration
Prospect 126
10.6.14 Mar 17, 2008: Trans-Orient Provides Operational
Update 127
10.6.15 Mar 11, 2008: Austral Pacific Provides Operations
Update 127
11 Appendix 128
11.1 Methodology 128
11.1.1 Coverage
129
11.1.2 Secondary Research 129
11.1.3 Primary Research 130
11.1.4 Forecasts 130
11.2 Key Economic Assumptions 133
11.3 Expert
Panel Validation 134
11.4 Definitions 134
11.5 Unit of Measure 135
11.6 Disclosure information 136
11.7 Contact Us 136
11.8 About Global
Markets Direct 136
11.9 Disclaimer 136
1.1 List of Tables
Table 1: New Zealand, Oil and Gas, Key Statistics, April 2008 12
Table 2:
New Zealand, Total Crude Oil and Natural Gas Reserves, 2000-2012 15
Table
3: New Zealand, Total Crude Oil Production (MMBBLs), 2000-2007 16
Table 4:
New Zealand, Total Natural Gas Production (BCF), 2000-2007 17
Table 5: New
Zealand, Oil and Gas Asset Details, April 2008 18
Table 6: New Zealand,
Oil and Gas Asset Details, April 2008 (Cont' d) 19
Table 7: New Zealand
Offshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 20
Table 8: New Zealand Onshore, Total Crude Oil Production (Barrels), by Assets,
2000-2007 20
Table 9: New Zealand Offshore, Total Natural Gas Production
(MMCF), by Assets, 2000-2007 21
Table 10: New Zealand Onshore, Total
Natural Gas Production (MMCF), by Assets, 2000-2007 21
Table 11: New
Zealand, Oil and Gas Planned Production Asset Details, April 2008 22
Table
12: New Zealand Onshore, Total Crude Oil Production (MMBBLs), by Company,
2000-2007 22
Table 13: New Zealand, Total Natural Gas Production (BCF), by
Company, 2000-2007 23
Table 14: New Zealand, Total Crude Oil Production
(MMBBLs), Forecast, 2008-2013 24
Table 15: New Zealand, Total Natural Gas
Production (BCF), Forecast, 2008-2013 24
Table 16: New Zealand, Total
Crude Oil Production (Barrels), Forecast by Assets, 2008-2013 25
Table 17:
New Zealand, Total Natural Gas Production (MMCF), Forecast by Assets,
2008-2013 25
Table 18: New Zealand, Forecasted Assets-wise Gross Revenue
(000' $), 2008-2013 26
Table 19: New Zealand, Forecasted Assets-wise
Government Take (000' $), 2008-2013 26
Table 20: New Zealand, Forecasted
Assets-wise Income Tax (000' $), 2008-2013 27
Table 21: New Zealand,
Projected Assets-wise Total Contractor Take (000' $), 2008-2013 27
Table
22: New Zealand, Total Number of Active Exploration Blocks, April 2008 28
Table 23: New Zealand, Total Number of Active Exploration Blocks By Company,
2000-2007 29
Table 24: New Zealand, Total Number of Active Exploration
Blocks By Company, 2000-2007 (Cont' d) 30
Table 25: New Zealand, Oil and
Gas Exploration Blocks Details, April 2008 31
Table 26: New Zealand, Oil
and Gas Exploration Blocks Details, April 2008 (Cont' d) 32
Table 27: New
Zealand, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 33
Table 28: New Zealand, Oil and Gas Exploration Blocks Details, April 2008
(Cont' d) 34
Table 29: New Zealand, Oil and Gas Exploration Blocks Details,
April 2008 (Cont' d) 35
Table 30: New Zealand, Oil and Gas Exploration
Blocks Details, April 2008 (Cont' d) 36
Table 31: New Zealand, Oil and Gas
Planned Exploration Blocks Details, April 2008 37
Table 32: OMV
Aktiengesellschaft, Key Facts, 2006 38
Table 33: Royal Dutch Shell
plc, Key Facts, 2006 46
Table 34: Royal Dutch Shell plc, SWOT
Analysis , 2006 61
Table 35: Royal Dutch Shell plc Operational
Indicators, 2002-2006 66
Table 36: Royal Dutch Shell plc Operational
Indicators, 2002-2006 67
Table 38: Brent Blend NYMEX Future Prices
133
1.2 List of Figures
Figure 1: New Zealand, Exploration
and Production Assets Map, April 2008 13
Figure 2: New Zealand, Total
Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 14
Figure 3: New
Zealand, Total Crude Oil Production (MMBBLs), 2000-2007 16
Figure 4: New
Zealand, Total Natural Gas Production (BCF), 2000-2007 17
Figure 5:
New Zealand, Total Number of Active Exploration Blocks, 2000-2007 28
Figure 6: Royal Dutch Shell plc, Value Chain Analysis 57
Figure 7:
Global Markets Direct Methodology 128
