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New Zealand had one oil refinery, the Marsden Point Oil Refinery, but its refining capability was closed in 2021 and is now an import only facility. The major industry body is the Petroleum Exploration and Production Association of New Zealand. There are 2,600 kilometres of high-pressure natural gas transmission pipelines in the North Island. [5]
Comparison of proven oil reserves from some widely used sources (billions of barrels, 2021) Source Canada Iran ... New Zealand * 40: 11,000: 10
In 2021, New Zealand's Total Energy Supply (TES) amounted to 829.3 petajoules (PJ), marking an 11% increase compared to 2011. The energy supply composition highlighted a diverse range of sources, with renewables being the largest contributor at approximately 42%, followed by oil at 34%, natural gas at 17%, and coal contributing about 7%.
Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America, Africa, and deepwater drilling, estimates are updated frequently. Since 2000, some countries, notably the US and Canada, have seen large increases in proven gas reserves due to development of shale gas , but shale gas deposits in ...
In 2007, Japan announced a plan to share its strategic reserves with other countries in the region. Negotiations are under way between Japan and New Zealand for an oil-sharing deal whereby Japan sells part of its strategic reserves to New Zealand in the event of an emergency. New Zealand would be required to pay the market price for the oil ...
A map of world oil production (2013) Oil-producing countries (information from 2006 to 2012) This article includes a chart representing proven reserves, production, consumption, exports and imports of oil by country.
The Tui oil field is an oil reservoir located 50 kilometres (31 mi) off the west coast of Taranaki, New Zealand. Tui is the sixth largest crude oil field in New Zealand with total reserves of 41 million barrels (6.5 × 10 ^ 6 m 3). [1] Remaining reserves as at January 2018 were 1 million barrels (160 × 10 ^ 3 m 3). [1] Oil is produced from the ...
In 2005, the Maui fields oil reserves were estimated to be 92% depleted, and the Maui field gas reserves were estimated to be 91% depleted. [5] In 2014, the New Zealand government revised its published estimates of natural gas reserves. "The biggest news of the recalculation involves one of the oldest gas producers.