New Zealand Tui boost

摘要

Pan Pacific Petroleum (PPP) and New Zealand Oil & Gas (NZOG) have completed a review of the increase in Tui field reserves attributable to the Pateke-4H well in New Zealand and estimate a total increase in 2P recoverable reserves of 2.4m bbl gross, 360,000 bbl net to PPP as at 1 January 2015. This comprises 1.9m bbl from the Pateke-4H accumulation and an additional 500,000 bbl from the other Tui Area fields as a result of the extension of economic field life. This estimate excludes any additional oil, which will be used as fuel.