Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Northland Basin Bidding Round/Data Package

Northland Basin Bidding Round/Data Package

The Associate Minister of Energy, Hon Harry Duynhoven, today announced his intention to begin preparation for a competitive Petroleum Exploration Permit Bidding Round over an area offshore Northland Basin.

"The Northland Basin is located immediately north of the productive Taranaki Basin. Initial interpretation, together with the results of Wakanui-1 show that the Northland Basin is highly prospective" Mr Duynhoven said.

Planning for the 2004 bidding round was underway, although permit boundaries had yet to be confirmed, and relevant consultation was still to be undertaken.

In preparation for the bidding round, the Ministry of Economic Development's Crown Minerals Group has joined forces with the Institute of Geological and Nuclear Sciences (GNS) and UK-based seismic contractor Spectrum Energy & Information Technology to produce a substantial data-package on the basin's petroleum prospectivity.

"The partnership between Crown Minerals and Spectrum will provide explorers with state of the art reprocessed seismic data" Mr Duynhoven said.

Spectrum has agreed to reprocess 9,100 kilometres of existing seismic from the offshore Northland Basin. Spectrum has also entered into an agreement with GNS who will prepare an interpretation and hydrocarbon potential report, based on the reprocessed seismic. This data will provide explorers with an understanding of the stratigraphic framework; petroleum systems; play concepts; and trap types of the Northland Basin. The package will incorporate a revised understanding of the basin's nearshore potential by utilising recently released data obtained from the deepwater Wakanui-1 well, drilled off the continental shelf in 1999.

The data to be reprocessed are a 1,600 kilometre 1982 survey, originally acquired by Geco and the 7,500 kilometre 1995 survey acquired by Conoco and partners. Test lines are already showing significant enhancements in data quality and imaging over the original processing. This is largely due to pre-stack time migration, advanced de-multiple techniques, more detailed velocity analyses and improved post-stack migration.

Initial interpretation, from Wakanui-1 showed that the Wakanui structure is not buried by marine Cretaceous rocks as previously believed. The presence of a Middle Jurassic coal measure succession strongly suggests the presence of a new previously unsuspected petroleum system. Seismic data suggests that the depocentre to the east of the Wakanui structure contains both Jurassic and Cretaceous source rocks and thermal modelling suggests that they are buried deep enough to be generating and expelling hydrocarbons.

Reprocessing should be complete by end-January 2004, following which the interpretation report will be completed ahead of the anticipated bid round.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Compelling Case For Meatless Meat

Talk about living in a bubble. As vegetarianism and veganism become normalised – there are more options on restaurant menus! - it can be easy to think that the whole world is gradually giving up on meat. Alas, the reverse is true. Americans for instance consumed 100 kilograms of meat and poultry in 2018, up from 75 kilograms in 1960, according to the US Department of Agriculture figures... More>>


 
 

Government: Hundreds Of New Electric Cars For State Sector

Total of 422 new electric vehicles and charging infrastructure across the state sector $5.1 million for the Department of Conservation to buy 148 electric vehicles and install charging infrastructure $1.1 million to help Kāinga Ora buy 40 electric ... More>>

Pay Policy: CTU Public Service Unions Meet With Public Service Minister

The Council of Trade Unions and affiliated public service unions, met with the Minister for the Public Service Hon Chris Hipkins this afternoon to discuss the pay expectations of those working in our public services. CTU President Richard Wagstaff said it was ... More>>

Government: Further Action Against Gang Crime

The Government will make it illegal for high risk people to own firearms by introducing Firearms Prohibition Orders (FPOs) that will strengthen action already taken to combat the influence of gangs and organised crime to help keep New Zealanders and their ... More>>

ALSO:


Child Poverty: Reports Highlight Need For Ongoing Action

The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, ... More>>

ALSO:

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels