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 37.85% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 1.51 thousand bpd of crude oil and condensate and 49 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 10% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 40.08 Mmboe, comprised of 6.88 Mmbbl of crude oil & condensate and 199.21 bcf of natural gas reserves. Turangi conventional gas field reserves accounts 0.01% 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.