[image] Petroleum off loading [PNG 494]

The demand for, and exploration of, petroleum (oil and gas) has never been greater.

In 2013 there were about 25 active petroleum mining permits, a significant increase on the 12 active permits in 2002. In addition, operators were spending more than $300 million dollars across more than 50 exploration permits.

Oil and the products derived from it are a major export earner for New Zealand and jobs in the industry are highly-skilled and highly-paid.

On average the Government earns about $400 million a year in royalties (not including revenue from taxes) from the petroleum industry, which is used to fund important services such as our education and health systems.

Since 2009, the government has delivered the Petroleum Action Plan to ensure New Zealand is able to maximise the gains from the safe and environmentally responsible development of these Crown-owned resources for the benefit of all New Zealanders. A key focus of the government’s work programme has been the strengthening of the regulatory regime governing petroleum development, to ensure New Zealand has a robust regime based on international best practice. 

Petroleum sector snapshot

New Zealand has roughly 25 active petroleum mining permits and 50 active exploration permits. All New Zealand’s current petroleum production is in the Taranaki basin, in an area covering 330,000 square kilometres.

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New Zealand's petroleum basins

New Zealand has multiple sedimentary basins with known or potential hydrocarbons located onshore, offshore and in deep water beneath the country's extensive continental shelf.

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2015 Petroleum Exploration Data Pack

The Petroleum Exploration Data Pack contains a broad representation of publicly available data on a hard drive. It features a large selection of open-file seismic and well data, interpretation projects, reports and studies.

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