Kupe is a producing conventional gas field located in shallow water in New Zealand and is operated by Beach Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 174E39/25 (PML 38146), with water depth of 137 feet. Buy the profile here.
An expansion project is associated with the Kupe, namely the Kupe Development. This project is currently in the feasibility stage.
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 73.36% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 3.34 thousand bpd of crude oil and condensate, 59.00 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 2045. The field currently accounts for approximately 14% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 25.23 Mmboe, comprised of 5.25 Mmbbl of crude oil & condensate, 63.87 bcf of natural gas reserves and 9.34 Mmbbl of natural gas liquid reserves. Kupe conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.
Contractors involved in the Kupe conventional gas field
The key contractors involved in the Kupe project as follows.
Other Contractors: Verbrec
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, assets across Australia and New Zealand and a suite of high potential exploration prospects across the five basins. 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.
For more details on the Kupe Conventional Gas Field, buy the profile here.