Project Profile
Value: US$80 million
Location: Great South Basin, New Zealand
Start-up Year: 2007
Water Depth: 48 metres
Upstream Gas Reserves: -
Royal Dutch Shell PLC\'s (RDSB.LN) unit Shell New Zealand has taken over control of a joint-venture exploration in the Great South Basin and there are good indications of natural gas after US$80 million of exploration in the area. Shell has assumed operatorship of the New Zealand exploration license PEP 50119 in the Great South Basin from joint venture partner OMV New Zealand. The basin is located off the coast of New Zealand\'s South Island.
Operators:
OMV New Zealand: 20%
Shell New Zealand: 60% (Operator)
Mitsui Australia: 20%