EXPLORATION

New Zealand oil and gas industry suffers slow death

DATA released late last week from the New Zealand government reveals a huge decline in oil and gas production from existing fields, an issue that the country's industry peak body has warned will affect the nation's energy security.

Oil and gas production in New Zealand is slowly fading away without new exploration. the industry peak body warn this could lead to serious domestic supply issues and threaten the nations energy security.

Oil and gas production in New Zealand is slowly fading away without new exploration. the industry peak body warn this could lead to serious domestic supply issues and threaten the nations energy security.

The latest data forecasting New Zealand domestic oil and gas production was compiled from mandatory oil and gas companies' annual reserve summary reports and showed 2P domestic gas reserves had fallen...

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