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  1. Market Data
May 6, 2022

Moturoa Conventional Oil Field, New Zealand

By Carmen

Moturoa is a producing conventional oil field located in shallow water in New Zealand and is operated by Greymouth Petroleum. The field is located in block 174E39/1 (PMP 50509), with water depth of 7 feet.

Field participation details

The field is owned by Greymouth Petroleum and Ngati Te Whiti Hapu Society.


Production from Moturoa

The Moturoa conventional oil field recovered 41.45% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 0.01 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.


Remaining recoverable reserves

The field is expected to recover 0.02 Mmboe, comprised of 0.02 Mmbbl of crude oil & condensate.


About Greymouth Petroleum

Greymouth Petroleum Ltd (Greymouth) is an oil and gas company that offers exploration and production of crude oil and natural gas. The company conducts oil and gas production, development and exploration properties in the Taranaki and Great South Basins in New Zealand. Its projects located in Greater Ngatoro, Moturoa, Surrey, Radnor, Turangi and Kowhai oil, gas and condensate fields located on the onshore Taranaki peninsula. The company supplies gas to thermal power stations, petrochemical industry, and other industrial and commercial customers. It has its operations in New Zealand and Chile. The company operates through its offices in Auckland and New Plymouth, New Zealand. Greymouth is headquartered in Auckland, New Zealand.

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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