Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Petroleum Conference Opens tomorrow in New Plymouth

Petroleum Conference Opens tomorrow in New Plymouth

Source: PEPANZ

--

The 2017 New Zealand Petroleum Conference opens tomorrow in New Plymouth, the first time the Conference has been hosted in Taranaki.

Petroleum Exploration and Production Association of New Zealand (PEPANZ) Chief Executive Cameron Madgwick says it is fantastic to be bringing New Zealand’s premier upstream petroleum conference to Taranaki, the home of New Zealand’s oil and gas industry.

"The industry has a long history in Taranaki - with the first well in the British Empire drilled at Moturoa, on the New Plymouth foreshore in 1865," says Mr Madgwick.

"Since that time, the oil and gas industry has gone from strength to strength in the region.

"Today oil and gas accounts for 41 percent of Taranaki’s regional GDP, provides two percent of the region’s employment and is one of the reasons Taranaki has the highest regional GDP in the country.

"Across the country, over 11,000 people are employed directly as a result of Taranaki’s oil and gas resources. Oil is one of the country’s top ten export earners, gas is used extensively as a primary energy source, and the royalties and taxes from the industry fund a wide range of essential government services and infrastructure," says Mr Madgwick.

Over 400 delegates from across New Zealand and around the world will be gathering in New Plymouth over the next two days to hear from international experts, industry leaders and politicians about the future of the oil and gas industry in New Zealand.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

"Delegates will hear about both about the opportunities and challenges that exist within New Zealand’s oil and gas industry, what steps can be taken to grow the industry and what its future is in a world working to reduce carbon emissions and mitigate the impact of climate change."

Mr Madgwick says the industry is committed to being open and transparent.

"We know we haven’t always done the best job at explaining how the industry operates to New Zealanders and are committed to changing that.

"Earlier this month, we launched www.energymix.co.nz, which aims to better explain how the oil and gas sector operates in New Zealand. We are also making all the presentations from this year’s petroleum conference available to watch on www.petroleumconference.nz."

Ends

Note to reporter

The Petroleum Exploration and Production Association of New Zealand (PEPANZ) is the upstream oil and gas industry association.

PEPANZ members currently account for an estimated 95 percent of New Zealand’s petroleum production. PEPANZ also represents more than 30 associate member companies that provide a wide range of goods and services to the industry.

ENDS


© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.