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November 24, 2021updated 27 Apr 2022 12:02pm

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. 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.

Field participation details

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


Production from Kupe

The Kupe conventional gas field recovered 59.31% 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 2050. The field currently accounts for approximately 15% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 44.81 Mmboe, comprised of 7.46 Mmbbl of crude oil & condensate, 178.23 bcf of natural gas reserves and 7.65 Mmbbl of natural gas liquid reserves. Kupe conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.


About Beach Energy

Beach Energy Ltd (Beach) is an independent upstream oil and gas company. It carries out the exploration, development, production, processing and transportation of crude oil and natural gas. Beach’s asset portfolio includes ownership interests in oil and gas infrastructure, including the Moomba processing facility and Otway Gas plant and a suite of high potential exploration prospects. The company’s producing assets include Cooper, offshore Otway and Bass basins. It also has permits in the onshore Otway, Bonaparte, Browse, Taranaki and the Canterbury basins. Beach is headquartered in Adelaide, South Australia, Australia.

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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