|TAG's Oil & Gas Taranaki Permits, click to enlarge|
(Source: New Zealand Ministry of Economic Development http://www.crownminerals.govt.nz/cms/petroleum/facts-and-figures.)
Focus on Proven Producing Miocene Reservoirs
TAG Oil's current exploration efforts are focused on shallow oil and gas pools in proven Miocene reservoirs. Though TAG has experienced excellent success in the shallow Miocene play level, even more significant potential exists in the deeper Oligocene and Eocene strata, which contain several major discoveries. The Company's geoscientists have developed a stringent set of criteria to identify new exploration targets based on analysis of extensive proprietary data, modeled on comparison to proven, producing pools. Future exploration targets will be drilled only if all criteria are in place, increasing the likelihood of acceptable success rates.
Taranaki Basin Discoveries
Turangi (gas), Awakino South (gas), Kowhai (gas), Pohokura (gas-condensate), Maari-Manaia (oil), Tui (oil), Karewa (oil), Karewa (gas), Goldie (oil), Cheal (oil/gas), Sidewinder (oil/gas), Cardiff (gas/condensate) Surrey (oil/gas), Kahili (gas/condensate), Kupe (gas-condensate) Maui (gas/condensate). Kapuni (gas/condensate), McKee (oil/gas), Tariki/Ahuroa (gas/condensate), Waihapa/Ngaere (oil/gas), Ngatoro (oil/gas), Kaimiro (oil/gas), Mangahewa (gas/condensate), Rimu (oil/gas), Motoroa (oil).
Maari offshore platforms; Tui and Maari FPSOs; Pohokura, Maari and Kupe unmanned platforms. Eight onshore production stations in Taranaki. North Island gas pipeline network, including pipelines to Gisborne and Hastings. Oil refinery and port at Marsden Point, Whangarei, with connections to the North Island gas pipeline network and a liquids pipeline to Auckland.
|TAG's Oil & Gas Projects|
|38156 Cardiff Deep Gas Discovery||Taranaki||100%||7,487||Appraisal|
|38156 Cheal Discoveries||Taranaki||100%||7,487||Production/ Exploration|
|52181 Kaheru Offshore JV||Taranaki||40%||77,039||Exploration|
|38748 Sidewinder Discovery||Taranaki||100%||4,275||Development/ Exploration|
|53803 Sidewinder Discovery||Taranaki||100%||714||Development/ Exploration|
|54876 Southern Cross||Taranaki||50%||3,914||Exploration|
|54877 Cheal Northeast||Taranaki||70%||6,158||Exploration|
|54879 Cheal South||Taranaki||50%||1,102||Exploration|