Project Profile
Location: East Coast and Pegasus basins, southeast off New Zealand’s North Island
Area: 25,000 sq km
Water depth: between 800 - 3,000 m
Exploration permits duration: 15 years
Statoil has been awarded new exploration permit offshore New Zealand. The permit was awarded by the New Zealand government through the 2014 Block Offer. Statoil participates in three blocks in the East Coast and Pegasus basins as a partner, and takes on operatorship for one new permit next to existing acreage in the Reinga basin lying northwest of New Zealand’s North Island.
Blocks 57083, 57085 and 57087 have been awarded with Chevron as operator with both companies holding a 50 % working interest. The initial phase of the project will consist of data collection.
• PEP 57083: Area = 9,968km2
• PEP 57085: Area = 9,802km2
• PEP 57087: Area = 6,259km2
Operators:
Chevron Corp: Operator with 50% interest
Statoil: 50% interest