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New Zealand

Oil & Gas

DOF Subsea wins $60million upgrade work on Maari FPSO

OMV has awarded DOF Subsea a contract to complete a mooring upgrade on its FPSO (Floating, Storage, Offloading and Production) vessel in the Maari oilfield. The upgrade work at the Maari system, off New Zealand is expected to cost around $60million in total. It is expected to be carried out between February and April next year and will help future proof the mooring system for the next decade.

Oil & Gas

Shell considers New Zealand asset sale

Shell is carrying out a strategic review of its assets in New Zealand as it looks to streamline costs amid the continue decline in oil price. The oil major will carry out the assessment to see how their interests in the region align with the company’s current plans.

Oil & Gas

Shell delays drilling planned in New Zealand

Shell could delay deepwater drilling planned in New Zealand until next year. According to reports the oil major and its two partners OMV and Mitsui E&P had been planning to drill a test well in the Great South Basin this year. However the company has said it needs more time to evaluate the basin’s complex geology.

Oil & Gas

AWE Limited completes subsea tie-back

AWE Limited has completed its subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system. The company said the well has now been brought onto production and flow testing is underway to determine optimal well settings. An initial unstabilised flow rate of 34,000 barrels of oil per day was recorded.

Oil & Gas

Statoil gains four exploration permits in New Zealand

Statoil has been awarded four new exploration licences in New Zealand. The permits have been awarded by the government through the country’s 2014 block offer. The Norwegian company will participate in three blocks on the East coast and in the Pegasus basins as a partner. It will also take on operatorship for one new permit next to existing acreage in the Reinga basin.

Oil & Gas

Tag Oil hits gas in New Zealand

Tag Oil has hit hydrocarbon bearing sands in the onshore Taranaki Basin in New Zealand. The Cheal-E6 step out well intersected more than nine metres of net oil and gas bearing sands in the Mount Messenger formation.