NZOG finds more oil and gas in Kupe field

Wed, 20 Apr 2016

By Paul McBeth April 21 (BusinessDesk) - New Zealand Oil & Gas, the energy exploration company, has upgraded the developed reserves at the Kupe field off the Taranaki coast and is still looking at ways to expand untapped reserves in the project. The gas and light oil field's developed reserve was lifted to 6.02 million barrels of oil from 5.22 million barrels and NZOG estimates there's likely to be an extra 3.6 petajoules of gas and 16.69 kilotonnes of LPG, the company said in a statement. The joint venture partners in Kupe are also look...

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