New gas well raises the spirit of Shane Jones

New gas well raises the spirit of Shane Jones
Pohokura's onshore/offshore operation ekes out more gas. (Image: NZME)
Ian Llewellyn
The opening of a new production well in the Pohokura gas field has been heralded by Resources Minister Shane Jones as showing the potential for squeezing more out of New Zealand’s declining reserves.Jones visited the Pohokura Production Station in Taranaki on Wednesday to see the new gas well turned on.The Pohokura Onshore Well Number 5 (POW-05) is anticipated to deliver about four petajoules (PJ) of gas per annum through a joint venture between operator OMV (74%) and Todd Energy (265).The NZ gas sector used to deliver about 180PJ but has...

More Energy

Electricity emergency reserve scheme proposed
Energy

Electricity emergency reserve scheme proposed

System operator may get another tool to cope with times of electricity shortages.

Ian Llewellyn 31 Jul 2025
Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Pattrick Smellie 31 Jul 2025
Govt wants to double geothermal energy
Energy

Govt wants to double geothermal energy

Energy answers lie beneath our feet, Resources Minister Shane Jones says.

Ian Llewellyn 30 Jul 2025
Bathurst and Talley's: The marriage goes sour
Markets Part 2

Bathurst and Talley's: The marriage goes sour

Talley’s joint venture with Bathurst started well, but something derailed it.

Pattrick Smellie 30 Jul 2025