Billion barrel shale potential in New Zealand

摘要

Canada-based Trans-Orient Petroleum has estimated thatnits acreage in New Zealand’s onshore East Coast Basinnhas the potential to contain billions of barrels of oil, thencompany said in a statement October 21. The resourcesnhave been assigned, based on well log data, corenpyrolysis, and field measurements of outcrop and oil andngas seep locations, according to a report by AJMnPetroleum Consultants. The report was completed innaccordance with National Instrument 51-101 Standardsnof Disclosure for Oil and Gas Activities. “The reportnconcludes the best estimate (P50) hydrocarbon in placenvolume of 12.6 billion barrels is the total availablenvolume (S1 plus S2) for both the Waipawa and Whangainshales,” Trans-Orient said in a statement.