Kupe gas production good to go as new well considered

Gas field supplying 15% of NZ's needs will be able to produce at full capacity in coming years says operator. (Image: supplied)

Ian Llewellyn

Tue, 15 Feb 2022

Beach Energy said it is confident the Kupe gas field off the Taranaki coast will be able to maintain full production through to the end of 2023 and is looking at another well to eke out more reserves.Kupe caters to about 15% of NZ's annual gas demand and will supply about 50% of anticipated LPG demand until 2025. Genesis Energy owns a 46% share in the joint venture with Beach Energy (50%) and NZ Oil & Gas (4%). Genesis receives 46% of the natural gas produced with Beach the field operatorGenesis also had long-term contracts to purchase...

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