Turangi is a producing conventional gas field located onshore New Zealand and is operated by Greymouth Petroleum Turangi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 174E39/2 (PMP 38161). Buy the profile here.

Field participation details

The field is owned by Greymouth Petroleum.

Production from Turangi

The Turangi conventional gas field recovered 51.11% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 1.57 thousand bpd of crude oil and condensate and 43.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 10% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 26.21 Mmboe, comprised of 3.54 Mmbbl of crude oil & condensate and 136.00 bcf of natural gas reserves. Turangi conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.