The Taranaki Basin is the only producing petroleum basin in New Zealand. PGS completed a contiguous regional 3D data product in 2016, complemented by high-quality GeoStreamer 3D datasets for broadband insights with Taranaki South (2016) and Taranaki West (2017).

"Natural gas is critical to keeping our lights on and our economy running, especially during peak electricity demand and when generation dips because of more intermittent sources like wind, solar and hydro," revealed New Zealand's Resources Minister earlier this week as he announced plans for renewed exploration efforts.

Attachments

  • Original Link
  • Permalink

Disclaimer

PGS ASA published this content on 20 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2024 07:24:06 UTC.