Maps of the Block Offer 2017 release areas open for tender are now available.
While there is seismic data for this basin dating back to the 1960s, the Northland-Reinga Basin is still relatively unexplored. It is believed to be prospective for oil and gas, and has geological similarities with the producing Taranaki Basin.
The Northland-Reinga Offshore Release Area (17NRN-R1) covers 150,566 km² of available acreage.
The Taranaki Basin is prospective for oil, gas and condensate, and has been producing oil and gas commercially since the early 20th century. The Taranaki Basin produces from about 20 fields, including the Maui gas-condensate field. It has been actively explored by a wide range of companies, but is still relatively underexplored, with significant interest in its deep water potential.
The Taranaki Offshore Release Area (17TAR-R1) covers 64,978 km² of available acreage.
The Taranaki Onshore Release Area (17TAR-R2) covers 1,021 km² of available acreage.
The Taranaki North Release Area (17TAR-R3) covers 1,475 km² of available acreage.
Pegasus and East Coast Basins
These basins, though relatively under-explored, have proven petroleum systems and are prospective for oil and gas, shale oil and shale gas, and gas hydrates. Significant exploration is due to commence in these basins in the coming years.
The Pegasus-East Coast Offshore Release Area (17PEC-R1) covers 49,630 km² of available acreage.
The Hawkes Bay Offshore Release Area (17PEC-R2) covers 5,569 km² of available acreage. This release area includes areas of Hawkes Bay outside three nautical miles from shore due to favourable market conditions.
The Western Southland Basin is prospective for oil and gas but is underexplored.
The Southland Onshore Release Area (17SLD-R1) covers 3,568 km² of available acreage.
Great South-Canterbury Basins
The Great South-Canterbury Basins have seen exploration activity since the early 1970s, with a number of sub-commercial discoveries across both basins. Both basins are considered prospective for gas, condensate and oil.
The Great South-Canterbury Offshore Release Area (17GSC-R1) covers 204,928 km² of available acreage.