Project Profile
Value: Undisclosed
Location: Offshore Taranaki basin, New Zealand
Area: 933 square miles (2,418 square kilometres)
Reserves: unknown
Start-up Year: -
New Zealand Oil & Gas Ltd. has acquired interest in a new permit in New Zealand in the New Zealand Government’s 2013 Block Offer. Petroleum Exploration Permit (PEP) 55793 \'Vulcan\' in offshore Taranaki covers 933 square miles (2,418 square kilometres). New Zealand Oil & Gas, New Zealand’s largest listed explorer, has a 30% interest in the permit. Woodside Petroleum has a 70% interest and will be operator.
Operators:
Woodside Petroleum: Operator with 70% interest
New Zealand Oil & Gas Ltd.: 30% interest
Contractors:
Dolphin Geophysical: contratc for two 1,100-sq km (425-sq mi) 3D seismic surveys (November 2015)