Project Profile
Location: Reinga basin, approximately 100 km offshore Northland region, offshore New Zealand
Area: 1,670 sq km
Water Depth: 1,500m
Block 57057 is awarded to Statoil with a 100% working interest. It is located in the Reinga basin offshore the Northland region, adjacent to Statoil’s existing exploration acreage. The permit sits approximately 100 km offshore and covers an area of 1,670 sq km in 1,500m of water. Statoil has committed to acquire 200 line kilometres of 2-D seismic data within the permit.
After studying 2-D seismic data of the search area for the past three years the chance of making large oil or gas discovery is small, so Statoil decided to return the exploration permits to the Crown.
Operators:
Statoil: Operator with 100% interest