Shell leads natural gas exploration project offshore New Zealand

Offshore staff

HOUSTONRoyal Dutch Shell is leading an exploration project to look for natural gas off the southeast coast of New Zealand, reports Reuters. Shell will be working with oil and gas firms including Austria’s OMV and Japan’s Mitsui in the search for natural gas in the Great South basin.

This latest offshore drilling project will join US-based firm Anadarko Petroleum in New Zealand waters, which is cooperating with Australia's Origin Energy. Anadarko has so far drilled one well off the North Island's west coast.

Rob Jager, chairman of Shell New Zealand, told Reuters that, due to New Zealand’s relatively small domestic gas market, the development will most likely lead to gas exports. He also said that any Shell finds might result in a floating liquefied natural gas development.

01/09/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...