Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Research Pinpoints Canterbury Oil Potential

4 July 2001

Young Scienctist’s Research Pinpoints Canterbury Oil Potential

Seismic research being carried out in Canterbury by a young science graduate could provide clues towards discovering oil or gas in the area.

Mike Stevens, who is studying for his MSc in geophysics at Victoria University’s School of Earth Sciences, has been helping oil exploration company Indo-Pacific Energy in its quest to discover the location of sedimentary rock of sufficient depth and thickness to generate oil and gas.

Mike received funding from the Foundation for Research, Science and Technology, as a Technology for Industry Fellow, that enabled him to carry out research and analysis in the Canterbury region over the year-long project to interpret underlying strata.

As well as drawing upon thousands of existing observations of the earth’s gravity field, he introduced new seismic findings into the ever-increasing database for the Canterbury region

Indo-Pacific’s CEO, Dave Bennett, explains: “We had an interesting piece of seismic data but not the time to analyse it ourselves. We needed to find someone who had both the time and academic experience to take on the project.”

According to Mr Bennett, the work indicated at least one area with interesting possibilities in the coastal Rakaia region. “Oil and gas are generated in one region, but usually move underground to accumulate in another, so being able to narrow down the area where generation may occur is a big advantage for oil exploration companies,” he says.

“There were two discoveries made off the Canterbury coast in the mid eighties but the on-shore region is, by and large, an unexplored blank page. There are possibilities for oil and gas presence and now we intend to search for clear evidence using ground geochemistry surveys, looking at samples in the top metre of the ground.”

Mr Bennett says the consequences of oil or gas discovery for the Canterbury region would be significant, both in terms of employment as well as economically. He points to the financial impact of the Taranaki exploration as a guide to the possibilities.

“I estimate that more than half of the $1/4 billion spent on seismic exploration alone, over the past decade or so in Taranaki, has been driven back into the local economy through payroll, while exploration drilling has similar direct economic benefits,” he says.

The Technology for Industry Fellowship from Technology New Zealand has enabled Mike Stevens to focus on two key parts of the research project, solving problems in oil exploration as well as in plate tectonics - the strength of the earth’s crust.

“There were some unusual times too, with the opportunity of working on an oil rig to the not-so pleasant experience of standing knee-deep in mud washing out a drilling system at 2am,” he says. With his research virtually completed, Mike is to take up a job as a marine geophysics technician at NIWA.

Indo-Pacific Energy is a Canadian company, listed on the US stock exchange, employing New Zealanders and exploring for oil and gas in New Zealand, Australia, Papua New Guinea and China.

-ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news