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November 24, 2021

Kupe Conventional Gas Field, New Zealand

By Carmen

Kupe is a producing conventional gas field located in shallow water in New Zealand and is operated by Beach Energy Resources NZ (Kupe). The field is located in block 174E39/25 (PML 38146), with water depth of 137 feet.

An expansion project is associated with the Kupe, namely Kupe Development. This project is currently in the feasibility stage, expected to start in 2022.

Field participation details

The field is owned by Beach Energy, Genesis Energy and OG Oil & Gas.


Production from Kupe

The Kupe conventional gas field recovered 45.06% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 3.34 thousand bpd of crude oil and condensate, 59 Mmcfd of natural gas and 3.05 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 15% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 73.72 Mmboe, comprised of 6.34 Mmbbl of crude oil & condensate, 317.18 bcf of natural gas reserves and 14.52 Mmbbl of natural gas liquid reserves. Kupe conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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