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.
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.