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 and field development compliment TAG’s high-impact exploration potential identified in Taranaki along trend with significant fields.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. TAG has substantial undiscovered resource potential to fuel future reserve additions.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
Historical well on New Zealand’s East Coast still has live oil in the wellbore.