Kupe oil and gas field commercial reserves increase by 35%, NZOG says

Tue, 27 Oct 2015

By Pattrick Smellie Oct. 28 (BusinessDesk) - New Zealand Oil & Gas, Genesis Energy and Australian operator Origin Energy all stand to gain from what NZOG declared today was a 34.7 percent increase in "developed reserves" from the offshore Taranaki oil and gas field, Kupe. The increase "not only provides additional volume from within the existing development but it's expected that contracted volumes will be able to be supplied without the need for significant additional capital," said NZOG's chief executive Andrew Knight in a statement to...

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