Central & SE Asia / Australasia

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Summary | Profile

Country profile: New Zealand

Location: Oceania, islands in the South Pacific Ocean, southeast of Australia
Climate: temperate with sharp regional contrasts
Terrain: predominately mountainous with some large coastal plains
Size: 268680 sq. km total (Land area: 268021 sq. km )
Population: 4,173,460 (July 2008 est.)
Languages: English (official), Maori (official), Sign Language (official)
Government: parliamentary democracy
Capital city: Wellington
Legal system: based on English law, with special land legislation and land courts for the Maori; accepts compulsory ICJ jurisdiction with reservations
Currency: New Zealand dollar (NZD)

Country profile

The Polynesian Maori reached New Zealand in about A.D. 800. In 1840, their chieftains entered into a compact with Britain, the Treaty of Waitangi, in which they ceded sovereignty to Queen Victoria while retaining territorial rights. In that same year, the British began the first organized colonial settlement. A series of land wars between 1843 and 1872 ended with the defeat of the native peoples.

The British colony of New Zealand became an independent dominion in 1907 and supported the UK militarily in both World Wars. New Zealand's full participation in a number of defense alliances lapsed by the 1980s. In recent years, the government has sought to address longstanding Maori grievances.

Energy production and consumption

Oil Gas
Production: 25,880 bbl/day (2006 est.) 3 billion cu m (2006 est.)
Consumption: 156,000 bbl/day (2006 est.) 3 billion cu m (2006 est.)
Exports: 15,720 bbl/day (2006 est.)  
Imports: 140,900 bbl/day (2006 est.)  
Reserves: 55 million bbl (1 January 2006 est.) 29 billion cu m (1 January 2006 est.)
Major fields:

New Zealand - recent news

22 Oct 20
New Zealand: BW Offshore places BW Umuroa into voluntary liquidation
The Board of Directors of BW Umuroa (BWU), a wholly owned subsidiary of BW Offshore, has resolved to place BWU into voluntary liquidation. BWU is the owner and operator of the FPSO Umuroa which is presently located on the Tui oil field offshore New Zealand.
25 Sep 20
New Zealand: Jadestone Energy agrees to revised long stop date for Maari Project acquisition
Jadestone Energy has agreed with OMV to amend the long stop date for the Company’s acquisition of a 69% interest in the Maari Project, shallow water offshore New Zealand.
10 Apr 20
New Zealand: BW Offshore reports problem disconnecting the FPSO Umuroa from the Tui field
Following the termination notice from Tamarind Taranaki for the FPSO Umuroa operating on the Tui field offshore New Zealand, received last year, BW Offshore reports that it has not been able to disconnect the FPSO Umuroa from the Tui field.
06 Apr 20
New Zealand grants one exploration permit as part of Block Offer 2018
New Zealand has granted one petroleum exploration permit for Block Offer 2018. The successful bid was granted to Todd Exploration Management Services for PEP 60573, which covers an area of 105km2, east of Inglewood, in onshore Taranaki.
20 Feb 20
New Zealand: OMV's Tawhaki-1 exploration well disappoints
JV partner Beach Energy reports that the OMV-operated Tawhaki-1 exploration well, located in PEP50119 in the Great South Basin, offshore New Zealand, failed to encounter hydrocarbons and is being plugged and abandoned.

New Zealand - more news

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