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New Zealand Oil & Gas
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2017 APPEX Global Conference
| Steve Bottonley | Page 3 of 11 |
April 28, 2024
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Population: 4.5 million Land Area: 268,680 km 2 Exclusive Economic Zone: 5,700,000 km 2 Annual Production: ~15 mmbo (~40,000 bbl/d) Why New Zealand? • Proven petroleum systems in several basins • Late Cretaceous/Tertiary basin system (similar to SE Australia) • Oil and wet gas fields in production in the Taranaki Basin • Produced 1.3 BBOE to date, 30% liquids • Good operational support • Extensive deep water frontiers available • Proven Petroleum System in Canterbury Basin • Diverse basins and play types • Stable OECD Economy • Favorable fiscal regime for oil and gas • Mineral rights to petroleum vested in the crown • Low royalty (5% net revenue) and tax rates (28%) to developer/producer • Regular blocks offers administered by NZ Petroleum and Minerals (NZP&M) • Supportive government framework • Excellent access to data • Visit booth (Booth 24) 200km 3 Taranaki Basin Canterbury Basin