NZ Oil & Gas flags uplift in Kupe reserves, based on Origin’s preliminary assessment

Tue, 26 Jun 2012

By Jonathan Underhill June 27 (BusinessDesk) - New Zealand Oil & Gas says reserves at the Kupe field are likely to be increased for the first time since 2010 after the latest assessment by the operator, Origin Energy. “This preliminary information suggests that the estimate of remaining Kupe reserves may need to be further increased,” the Wellington-based company said in a statement today. Details of the assessment are confidential until the Kupe partners meet to agree on the interpretation, which is scheduled for mid-July. Kupe lies 30 kil...

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