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November 24, 2021

Pohokura Conventional Gas Field, New Zealand

By Carmen

Pohokura is a producing conventional gas field located in shallow water in New Zealand and is operated by OMV New Zealand. The field is located in block 174E38/32 (PMP 38154), with water depth of 159 feet.

An expansion project is associated with the Pohokura, namely Pohokura Redevelopment. This project is currently in the feasibility stage.

Field participation details

The field is owned by Todd and OMV.


Production from Pohokura

The Pohokura conventional gas field recovered 65.44% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 11.23 thousand bpd of crude oil and condensate, 171 Mmcfd of natural gas and 2.57 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 27% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 102.46 Mmboe, comprised of 12.46 Mmbbl of crude oil & condensate, 535.06 bcf of natural gas reserves and 0.82 Mmbbl of natural gas liquid reserves. Pohokura conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.


About OMV New Zealand

OMV New Zealand Ltd (OMV NZ), a subsidiary of OMV AG, is an oil and natural gas exploration and production company. It offers upstream production services with offshore oil and gas fields in Maari, Pohokura, and Maui across Taranaki coast, Tunisia and in the Black Sea. The company operates exploration activities with interests in Taranaki Basin, Pegasus Basin, and Great South Basin (GSB). OMV NZ has been in search of additional oil and gas reserves in New Zealand and currently holds interests in nine exploration permits, and in three offshore production licenses or petroleum mining permits. It produces liquid hydrocarbons and natural gas. The company has operations across Europe, the UAE, Australia, and Pakistan. OMV NZ is headquartered in Wellington, New Zealand.

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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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