TAG Oil is a leading oil and gas operator in New Zealand with extensive production and exploration operations, including production infrastructure, a pipeline network and power generation assets. The Company operates ten exploration and production permits in the Taranaki Basin with a total of 16 permits, including a 40 percent interest in shallow water offshore Taranaki, and extensive acreage covering a oil shale prospects in the East Coast Basin.
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TAG operates two producing oil and gas fields at Cheal and Sidewinder, which are under development. Our producing operations, field development and deep prospects in Taranaki compliment TAG’s high-impact exploration potential identified in the East Coast Basin’s oil-rich fractured shale.Learn More
The Company’s modern production infrastructure and pipeline network expedite commercialization of new oil and gas wells from field development, and has opened attractive opportunities in power generation, gas marketing, and third-party processing.Learn More
With success via the drill bit, TAG Oil is building upon its proven and probable reserve base of approximately 5.98 million BOE for fiscal year 2014. Our undiscovered resource potential is more than 14 billion BOE on a P50 basis.Learn More
TAG Oil: How we work
Target precisely, use the right tools for the prospect, keep a small footprint, and maximize our investment: following these guidelines helps TAG Oil to be a considerate neighbor, economic contributor to New Zealand, and a good investment.
Waitangi Hill bubbles crude oil
While high-quality light crude oil has bubbled out of the ground on Waitangi Hill for generations, TAG Oil now has the drilling technology for a potential commercial discovery from the oil-rich source rocks.