Beach says Kupe may not need further drilling

Mon, 08 Oct 2018

By Gavin Evans Oct. 9 (BusinessDesk) - Beach Energy says it may be possible to drain the Kupe gas field without drilling further wells. The field off the southern Taranaki coast is the country’s fourth-largest and is a major supplier for part-owner Genesis Energy’s generation, gas retailing and LPG business. Beach, which acquired Origin Energy’s operating stake at the start of this year, says the nine-year-old field has more than a decade of production remaining. The venture is considering installing onshore compression, which Adela...

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