Project Profile
Value: Undisclosed
Location: Taranaki Basin, New Zealand
Gas capacity: 45 MMcf/d gas processing (gas compression and LPG extraction facility)
Gas pipeline length: 51 km of 8inch pipeline (pipeline location - from the Waihapa Production Station to the Stratford Gas Power Generation Plant then terminating in New Plymouth)
Mixed liquids pipeline length: 59 km of oil/gas mixed product pipelines including gas lift lines
Oil capacity: 25,000 bbl/d (oil processing facility)
Oil pipeline length: 49 km (from the Waihapa Production Station to the Omata Tank Farm)
Water disposal processing system: 18,000 bbl/d
Start-up Year: -
New Zealand Energy Corp. (NZEC) has identified five high-priority Mt. Messenger targets on the Waihapa and Ngaere permits of the TWN Licences. NZEC has completed permitting for a new site to access these targets, called the Waipapa site. Longer-term exploration plans on the TWN Licences include accessing Mt. Messenger targets from 16 existing drill pads with gathering systems in place, which offer lower-cost exploration potential and can be tied-in to the Waihapa Production Station on an expedited basis. The resource evaluation also confirmed the prospectivity of the deeper Moki and Kapuni formations on the TWN Licences. Discoveries by other companies on offsetting permits have demonstrated significant flow rates and long-term production from reservoirs in these deeper formations.
Owning the Waihapa Production Station will give NZEC strategic control over gathering, processing and sales infrastructure in the Taranaki Basin and provide NZEC with the ability to quickly bring on near-term production additions, reduce full-cycle development lead times and execute on longer-term growth plans. In addition, as the only open-access midstream facility in the Taranaki Basin, the Waihapa Production Station offers business opportunities for processing third-party gas, liquids, oil and water. The Waihapa Production Station is central to NZEC’s producing wells and inventory of exploration prospects, thereby reducing transportation and processing costs for NZEC’s oil and gas production.
The Waihapa Production Station and associated infrastructure includes:
- 45 MMcf/d gas processing, gas compression and LPG extraction facility;
- 51 km 8-inch gas sales pipeline from the Waihapa Production Station to the Stratford Gas Power Generation Plant then terminating in New Plymouth;
- 59 km of oil/gas mixed product pipelines including gas lift lines;
- 5,000 bbl/d oil processing facility;
- 49 km oil sales pipeline from the Waihapa Production Station to the Omata Tank Farm, capable of transporting up to 15,500 bbl/d; and
- 18,000 bbl/d water disposal processing system.
Operators:
New Zealand Energy Corp. (NZEC): Operator with 50% interest
L&M Energy: 50%