Small onshore Taranaki discoveries economic: report

ANY petroleum discoveries outside the onshore-offshore Taranaki Basin would need to have recoverable reserves of at least 60 million barrels of oil or 500 billion cubic feet of gas to be developed economically, according to an independent report commissioned by the New Zealand government.

The Michael Adams Reservoir Engineering report, Production and Cost Estimates for New Zealand's Petroleum Resources, constructed a series of development scenario models.