Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 25, 2021updated 26 Nov 2021 5:28am

Turangi Conventional Gas Field, New Zealand

By Carmen

Turangi is a producing conventional gas field located onshore New Zealand and is operated by Greymouth Petroleum Turangi. The field is located in block 174E39/2 (PMP 38161).

Field participation details

The field is owned by Greymouth Petroleum.


Production from Turangi

The Turangi conventional gas field recovered 30.14% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 1.94 thousand bpd of crude oil and condensate and 46 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 49.14 Mmboe, comprised of 9.89 Mmbbl of crude oil & condensate and 235.46 bcf of natural gas reserves. Turangi conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.


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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU