Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Introduction 12
2.1 What Is This Report About? 12
2.2 How To Use
This Report 13
2.3 Market Definition 13
3 New Zealand Energy Sector
15
3.1 New Zealand Energy Sector, Market Overview 15
3.2 New Zealand
Energy Sector, Crude Oil 16
3.2.1 New Zealand Crude Oil, Overview 16
3.2.2 New Zealand Crude Oil, Supply and Demand Balance 16
3.2.3 New
Zealand Crude Oil, Regulatory Structure 22
3.2.4 New Zealand Crude Oil,
Infrastructure 23
3.3 New Zealand Energy Sector, Natural Gas 24
3.3.1
New Zealand Natural Gas, Overview 24
3.3.2 New Zealand Natural Gas, Supply
and Demand Balance 24
3.3.3 New Zealand Natural Gas, Regulatory Structure
28
3.3.4 New Zealand Natural Gas, Infrastructure 29
3.4 New Zealand
Energy Sector, Coal 30
3.4.1 New Zealand Coal, Overview 30
3.4.2 New
Zealand Coal, Supply and Demand Balance 30
3.4.3 New Zealand Coal,
Regulatory Structure 34
3.4.4 New Zealand Coal, Infrastructure 35
3.5
New Zealand Energy Sector, Electricity 35
3.5.1 New Zealand Electricity,
Overview 35
3.5.2 New Zealand Electricity, Supply and Demand Balance
36
3.5.3 New Zealand Electricity, Regulatory Structure 40
3.5.4 New
Zealand Electricity, Infrastructure 41
4 New Zealand Fiscal regime 42
4.1 New Zealand Petroleum Fiscal Environment 42
4.2 License Terms 42
4.3 Key Fiscal Terms 44
4.4 Sample Cashflows Calculations 47
5 New
Zealand Upstream Investment Environment Benchmarking 48
5.1 Introduction
48
5.2 The Overall Ranking 48
5.3 Upstream Fiscal Attractiveness
48
5.3.1 Maximum Government Take Index 50
5.3.2 Maximum State
Participation 50
5.4 Oil and Gas Sector Performance 51
5.4.1
Exploration Activity 53
5.4.2 Oil and Gas Production 54
5.4.3 Oil and
Gas Reserves 55
5.4.4 Consumption 55
5.4.5 Refining Industry 55
5.5 Economic Performance 56
5.5.1 GDP Growth Index 57
5.5.2 FDI
Confidence Index 57
5.5.3 Balance of Trade Index 58
5.6
Socio-Political Performance 58
5.6.1 Democracy Index 60
5.6.2
Governance Index 60
6 New Zealand Exploration And Production Sector 61
6.1 New Zealand, Country Snapshot 61
6.1.1 New Zealand, Key Data 61
6.1.2 New Zealand, Exploration And Production Map 62
6.1.3 New Zealand,
Crude Oil & Natural Gas Reserves 63
6.2 New Zealand, Crude Oil and Natural
Gas Production 65
6.2.1 New Zealand, Historical Crude Oil Production
65
6.2.2 New Zealand, Historical Natural Gas Production 66
6.2.3 New
Zealand Crude Oil and Natural Gas Producing Assets Details 67
6.2.4 New
Zealand, Crude Oil Producing Assets by Area 69
6.2.5 New Zealand, Natural
Gas Producing Assets by Area 70
6.2.6 New Zealand, Planned Production
Assets Details 71
6.2.7 New Zealand, Crude Oil Production by Company
71
6.2.8 New Zealand, Natural Gas Production by Company 72
6.3 New
Zealand, Crude Oil and Natural Gas Forecasts 73
6.3.1 New Zealand,
Forecasted Crude Oil Production 73
6.3.2 New Zealand, Forecasted Natural
Gas Production 73
6.3.3 New Zealand, Forecasted Crude Oil Production of
Key Assets 74
6.3.4 New Zealand, Forecasted Natural Gas Production of Key
Assets 74
6.3.5 New Zealand, Forecasted Asset Wise Gross Revenues 75
6.3.6 New Zealand, Forecasted Asset Wise Total Government Take 75
6.3.7
New Zealand, Forecasted Asset Wise Income Tax 76
6.3.8 New Zealand,
Forecasted Asset Wise Total Contractor Take 76
6.4 New Zealand Exploration
Block Details 77
6.4.1 New Zealand, Total Number of Active Exploration
Blocks 77
6.4.2 New Zealand, Total Number of Active Exploration Blocks by
Company 78
6.4.3 New Zealand, Exploration Blocks Details 79
6.4.4 New
Zealand, Planned Exploration Blocks Details 86
7 New Zealand Refining
Sector 87
7.1 New Zealand Refining Sector, Overview 87
7.2 New Zealand
Refining Sector, Crude Distillation Unit Capacity 87
7.3 New Zealand
Refining Sector, Hydrocracking Capacity 87
8 New Zealand Pipeline Sector
88
8.1 New Zealand Pipeline Sector, Overview 88
8.2 New Zealand
Pipeline Sector, Crude Oil Pipelines 88
8.3 New Zealand Pipeline Sector,
Petroleum Product Pipelines 88
8.4 New Zealand Pipeline Sector, Natural
Gas Pipelines 89
9 OMV Aktiengesellschaft 91
9.1 OMV
Aktiengesellschaft, Key Information 91
9.2 OMV Aktiengesellschaft, Company
Overview 91
9.3 OMV Aktiengesellschaft, Business Description 91
9.3.1
OMV Aktiengesellschaft, Business Description, Business Overview 91
9.3.2
OMV Aktiengesellschaft, Business Description, Chemicals 92
9.3.3 OMV
Aktiengesellschaft, Business Description, Exploration and Production 93
9.3.4 OMV Aktiengesellschaft, Business Description, Gas 94
9.3.5 OMV
Aktiengesellschaft, Business Description, Petrom 95
9.3.6 OMV
Aktiengesellschaft, Business Description, Refining and Marketing 96
9.3.7
OMV Aktiengesellschaft, Business Description, Major Products and Services
97
10 Royal Dutch Shell Plc 98
10.1 Royal Dutch Shell Plc, Key
Information 98
10.2 Royal Dutch Shell Plc, Company Overview 98
10.3
Royal Dutch Shell Plc, Business Description 98
10.3.1 Royal Dutch Shell
Plc, Business Description, Business Overview 98
10.3.2 Royal Dutch Shell
Plc, Business Description, Chemicals 99
10.3.3 Royal Dutch Shell Plc,
Business Description, Exploration and Production 100
10.3.4 Royal Dutch
Shell Plc, Business Description, Gas and Power 102
10.3.5 Royal Dutch
Shell Plc, Business Description, Oil Products 103
10.3.6 Royal Dutch Shell
Plc, Business Description, Others 104
10.3.7 Royal Dutch Shell Plc,
Business Description, Major Products and Services 106
10.4 Royal Dutch
Shell Plc, Value Chain Analysis 108
10.4.1 Royal Dutch Shell Plc, Value
Chain Analysis, Upstream 108
10.4.2 Royal Dutch Shell Plc, Value Chain
Analysis, Midstream 109
10.4.3 Royal Dutch Shell Plc, Value Chain
Analysis, Retail 110
10.4.4 Royal Dutch Shell Plc, Value Chain Analysis,
Power Generation 111
10.4.5 Royal Dutch Shell Plc, Value Chain Analysis,
Transformation 111
10.5 Royal Dutch Shell Plc, SWOT Analysis 112
10.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview 112
10.5.2 Royal
Dutch Shell Plc, SWOT Analysis, Strengths 112
10.5.3 Royal Dutch Shell
Plc, SWOT Analysis, Weaknesses 113
10.5.4 Royal Dutch Shell Plc, SWOT
Analysis, Opportunities 114
10.5.5 Royal Dutch Shell Plc, SWOT Analysis,
Threats 115
10.6 Royal Dutch Shell Plc, Operational Indicators 116
11
Financial Deals Landscape 118
11.1 IPO 118
11.1.1 Austral Pacific
Completes Private Placement Of $5.61 Million 118
11.1.2 Austral Pacific
Energy Completes Final Tranche Of Private Placement Of $3.9 Million 119
11.2 Asset Transactions 120
11.2.1 Origin Energy And Contact Energy
Acquires Oil And Gas Assets From Swift Energy 120
11.2.2 Austral Pacific
Enters Into Farmout Agreement 122
11.2.3 Greymouth Petroleum To Acquire
Assets From Swift Energy 124
12 Recent Developments 126
12.1 May 30,
2008: NZOG Announces Reserves Of Tui Oil Fields 126
12.2 May 28, 2008:
Shell Releases Ensco 56 Drilling Rig From Pohokura Field 126
12.3 May 28,
2008: Origin Tests Kupe South-7 Well 127
12.4 May 27, 2008: Austral
Pacific To Drill Two Wells In Cheal Oil Field 127
12.5 May 22, 2008:
Origin Updates On Kupe South 8 Well 128
12.6 May 18, 2008: Gas2Grid
Updates On Kate-1 Well 129
12.7 May 15, 2008: Origin Updates On Kupe
Development Wells, Offshore Taranaki Basin, New Zealand 129
12.8 May 13,
2008: Vector Appoints CFO And General Manager 130
12.9 May 12, 2008: NZOG
Update On Momoho Well 131
12.10 May 12, 2008: Gas2Grid Commences Drilling
At Kate-1 Well 131
12.11 May 08, 2008: Origin Updates On Kupe Development
Wells 132
12.12 May 01, 2008: Origin Updates On Kupe Development Wells,
Offshore Taranaki Basin, New Zealand 132
12.13 Apr 30, 2008: NZRC Updates
On $180 Million Expansion Project 133
12.14 Apr 27, 2008: Widespread
Updates On Kate 1 Well 134
12.15 Apr 24, 2008: NZOG Updates On KS-7 ST1
134
12.16 Apr 18, 2008: OMV Provides Q1 2008 Production Update 135
12.17 Apr 17, 2008: Origin Provides Operational Update 135
12.18 Apr 10,
2008: Origin Updates On Kupe South 7 (KS-7) Well 135
12.19 Apr 03, 2008:
Origin Provides Operational Update On Kupe Development Wells 136
12.20 Mar
28, 2008: Origin To Drill Momoho Exploration Prospect 136
12.21 Mar 27,
2008: Discovery Plans To Drill Awakino South-1 Well 137
12.22 Mar 27,
2008: Origin Updates On Kupe South Wells 138
12.23 Mar 20, 2008: NZOG
Updates On KS-8 Well 138
12.24 Mar 19, 2008: NZOG Provides Production
Update 139
12.25 Mar 17, 2008: Trans-Orient Provides Operational Update
140
12.26 Mar 13, 2008: NZOG Updates On KS-8 Well 140
12.27 Mar 11,
2008: Austral Pacific Provides Operations Update 141
12.28 Mar 10, 2008:
New Zealand To Offer Blocks For Oil And Gas Exploration In 2008 141
12.29
Mar 06, 2008: NZOG Updates On KS-6 Well 142
12.30 Feb 29, 2008: Lakes Oil
Provides Operational Update 142
12.31 Jan 09, 2008: Lakes Oil Provides
Update On Napier High-1 Well 143
12.32 Jan 03, 2008: Origin Provides
Update On Kupe Development Wells, Offshore Taranaki Basin 143
12.33 Jul
11, 2007: PTTEP Wins Six Exploration Blocks In New Zealand 144
13 Appendix
145
13.1 Methodology 145
13.1.1 Coverage 145
13.1.2 Secondary
Research 146
13.1.3 Primary Research 146
13.1.4 Forecasts 147
13.1.5 Expert Panel Validation 149
13.2 Definitions 150
13.3 Unit Of
Measure 151
13.4 About Global Markets Direct 151
13.5 Contact Us
151
13.6 Disclaimer 151
1.1 List of Tables
Table 1: New Zealand,
Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020
17
Table 2: New Zealand, Historical and Forecasted Exports and Imports of
Crude Oil, 1996-2020 19
Table 3: New Zealand, Historical and Forecasted
Reserves of Crude Oil, 1996-2020 21
Table 4: New Zealand, Historical and
Forecasted Production and Consumption of Natural Gas, 1996-2020 25
Table
5: New Zealand, Historical and Forecasted Reserves of Natural Gas, 1996-2020
27
Table 6: New Zealand, Historical and Forecasted Production and
Consumption of Coal, 1996-2020 31
Table 7: New Zealand, Historical and
Forecasted Export and Import of Coal, 1996-2020 33
Table 8: New Zealand,
Historical and Forecasted Electricity Installed Capacity, 1996-2020 37
Table 9: New Zealand, Historical and Forecasted Generation and Consumption of
Electricity, 1996-2020 39
Table 10: Asia Pacific, Investment Benchmarking,
Overall Country Rankings, April 2008 48
Table 11: Asia Pacific, Investment
Benchmarking, Upstream Fiscal Attractiveness, April 2008 49
Table 12: Asia
Pacific, Investment Benchmarking, Oil and Gas Sector Performance, April 2008
51
Table 13: Asia Pacific, Investment Benchmarking, Economic Performance,
April 2008 56
Table 14: Asia Pacific, Investment Benchmarking,
Socio-Political Performance, April 2008 59
Table 15: New Zealand, Oil and
Gas, Key Statistics, April 2008 61
Table 16: New Zealand, Total Crude Oil
and Natural Gas Reserves, 2000-2012 64
Table 17: New Zealand, Total Crude
Oil Production (MMBBLs), 2000-2007 65
Table 18: New Zealand, Total Natural
Gas Production (BCF), 2000-2007 66
Table 19: New Zealand, Oil and Gas
Asset Details, April 2008 67
Table 20: New Zealand, Oil and Gas Asset
Details, April 2008 (Cont' d) 68
Table 21: New Zealand Offshore, Total
Crude Oil Production (Barrels), by Assets, 2000-2007 69
Table 22: New
Zealand Onshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007
69
Table 23: New Zealand Offshore, Total Natural Gas Production (MMCF), by
Assets, 2000-2007 70
Table 24: New Zealand Onshore, Total Natural Gas
Production (MMCF), by Assets, 2000-2007 70
Table 25: New Zealand, Oil and
Gas Planned Production Asset Details, April 2008 71
Table 26: New Zealand
Onshore, Total Crude Oil Production (MMBBLs), by Company, 2000-2007 71
Table 27: New Zealand, Total Natural Gas Production (BCF), by Company,
2000-2007 72
Table 28: New Zealand, Total Crude Oil Production (MMBBLs),
Forecast, 2008-2013 73
Table 29: New Zealand, Total Natural Gas Production
(BCF), Forecast, 2008-2013 73
Table 30: New Zealand, Total Crude Oil
Production (Barrels), Forecast by Assets, 2008-2013 74
Table 31: New
Zealand, Total Natural Gas Production (MMCF), Forecast by Assets, 2008-2013
74
Table 32: New Zealand, Forecasted Assets-wise Gross Revenue (000' $),
2008-2013 75
Table 33: New Zealand, Forecasted Assets-wise Government Take
(000' $), 2008-2013 75
Table 34: New Zealand, Forecasted Assets-wise Income
Tax (000' $), 2008-2013 76
Table 35: New Zealand, Projected Assets-wise
Total Contractor Take (000' $), 2008-2013 76
Table 36: New Zealand, Total
Number of Active Exploration Blocks, April 2008 77
Table 37: New Zealand,
Total Number of Active Exploration Blocks By Company, 2000-2007 78
Table
38: New Zealand, Total Number of Active Exploration Blocks By Company,
2000-2007 (Cont' d) 79
Table 39: New Zealand, Oil and Gas Exploration
Blocks Details, April 2008 80
Table 40: New Zealand, Oil and Gas
Exploration Blocks Details, April 2008 (Cont' d) 81
Table 41: New Zealand,
Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 82
Table 42:
New Zealand, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d)
83
Table 43: New Zealand, Oil and Gas Exploration Blocks Details, April
2008 (Cont' d) 84
Table 44: New Zealand, Oil and Gas Exploration Blocks
Details, April 2008 (Cont' d) 85
Table 45: New Zealand, Oil and Gas Planned
Exploration Blocks Details, April 2008 86
Table 46: New Zealand,
Asia-Pacific, Crude Distillation Unit Capacity (MMTPA), 2000-2012 87
Table
47: New Zealand, Asia-Pacific, Hydrocracking Unit Capacity (MMTPA), 2000-2012
87
Table 48: New Zealand, Crude Oil Pipelines, 2007 88
Table 49: New
Zealand, Petroleum Product Pipelines, 2007 88
Table 50: New Zealand,
Natural Gas Pipelines, 2007 89
Table 51: New Zealand, Natural Gas
Pipelines, 2007 (Cont' d) 90
Table 52: OMV Aktiengesellschaft, Key
Facts, 2006 91
Table 53: Royal Dutch Shell plc, Key Facts, 2006
98
Table 54: Royal Dutch Shell plc, SWOT Analysis , 2006 112
Table 55: Royal Dutch Shell plc Operational Indicators, 2002-2006 116
Table 56: Royal Dutch Shell plc Operational Indicators, 2002-2006 117
Table 57: Brent Blend NYMEX Future Prices 149
1.2 List of Figures
Figure 1: New Zealand, Energy Sector break-up, 2007 15
Figure 2: New
Zealand, Crude Oil Production And Consumption, Thousand Barrels Per Day,
1996-2020. 18
Figure 3: New Zealand, Crude Oil Imports And Exports,
Thousand Barrels Per Day, 1996-2020 20
Figure 4: New Zealand, Crude Oil
Reserves, Million Barrels, 1996-2020 22
Figure 5: New Zealand, Natural
Gas Production And Consumption, Billion Cubic Feet, 1996-2020. 26
Figure
6: New Zealand, Natural Gas Reserves, Billion Cubic Feet, 1996-2020 28
Figure 7: New Zealand, Coal Production And Consumption, Million Tons,
1996-2020 32
Figure 8: New Zealand, Coal Imports And Exports, Million
Tons, 1996-2020 34
Figure 9: New Zealand, Electricity Production by Fuel
Type, 2007 35
Figure 10: New Zealand, Electricity Consumption by End
User, 2007 36
Figure 11: New Zealand, Electricity Generation Capacity,
Megawatt, 1996-2020 38
Figure 12: New Zealand, Electricity Generation And
Consumption, Billion Kilowatt Hours, 1996-2020 40
Figure 13: New Zealand,
Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016
47
Figure 14: Asia Pacific, Country Standings, Upstream Fiscal
Attractiveness, April 2008 50
Figure 15: Asia Pacific, Country Standings,
Oil and Gas Sector Performance, April 2008 52
Figure 16: Asia Pacific,
Country Standings, Oil and Gas Sector Performance, April 2008 (Contd.) 53
Figure 17: Asia Pacific, Country Standings, Number of Active Exploration
Blocks Made Active, April 2008 54
Figure 18: Asia Pacific, Country
Standings, Economic Performance, April 2008 57
Figure 19: Asia Pacific,
Country Standings, Socio-Political Performance, April 2008 59
Figure 20:
New Zealand, Exploration and Production Assets Map, April 2008 62
Figure 21: New Zealand, Total Crude Oil and Natural Gas Reserves (MMBOE),
2000-2012 63
Figure 22: New Zealand, Total Crude Oil Production (MMBBLs),
2000-2007 65
Figure 23: New Zealand, Total Natural Gas Production (BCF),
2000-2007 66
Figure 24: New Zealand, Total Number of Active
Exploration Blocks, 2000-2007 77
Figure 25: Royal Dutch Shell plc,
Value Chain Analysis 108
Figure 26: Global Markets Direct Methodology
145
View Cart
