Cheal is a producing conventional oil field located onshore New Zealand and is operated by Matahio Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 174E39/14 (PMP 38156). Buy the profile here.
Field participation details
The field is owned by Matahio Energy.
Production from Cheal
The Cheal conventional oil field recovered 69.83% of its total recoverable reserves, with peak production in 2015. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 1% of the country’s daily output.
About Matahio Energy
Matahio Energy is an independent energy company that owns and operates production and exploration capabilities in Galoc field, located in Palawan, Republic of the Philippines and Taranaki Basin, New Zealand. Matahio Energy is headquartered in Kuala Lumpur, Malaysia.
For more details on the Cheal Conventional Oil Field, buy the profile here.