New Zealand Oil Markets, 2011

Report Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in New Zealand . It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in New Zealand . The report compares the investment environment in New Zealand with other countries in the region. The profiles of the major companies operating in the crude oil sector in New Zealand together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
• Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in New Zealand for the period 2000-2015.
• Operator and equity details for major crude oil assets in New Zealand .
• Key information relating to market regulations, key energy assets and the key companies operating in the New Zealand ’s energy industry.
• Information on the top companies in the New Zealand including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country’s energy market.
• Facilitate market analysis and forecasting of future industry trends.
• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
• Assess your competitor’s major crude oil assets and their performance.
• Analyze the latest news and financial deals in the oil sector of each country.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies in the country.

1 Table Of Contents

1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 New Zealand Energy Sector 10
2.1 New Zealand Energy Sector, Market Overview 10
2.2 New Zealand Energy Sector, Crude Oil 10
2.2.1 New Zealand Crude Oil, Overview 10
2.2.2 New Zealand Crude Oil, Supply and Demand Balance 11
2.2.3 New Zealand Crude Oil, Regulatory Structure 16
2.2.4 New Zealand Crude Oil, Infrastructure 17

3 New Zealand Oil Upstream Investment Environment Benchmarking 18
3.1 Introduction 18
3.2 The Overall Ranking 18
3.3 Upstream Fiscal Attractiveness 18
3.3.1 Maximum Government Take Index 20
3.3.2 Maximum State Participation 20
3.4 Oil Sector Performance 20
3.4.1 Exploration Activity 22
3.4.2 Oil Production 23
3.4.3 Oil Reserves 23
3.4.4 Oil Consumption 24
3.4.5 Refining Industry 24
3.5 Economic Performance 24
3.5.1 GDP Growth Index 26
3.5.2 FDI Confidence Index 26
3.5.3 Balance of Trade Index 26
3.6 Socio-Political Performance 26
3.6.1 Democracy Index 28
3.6.2 Governance Index 28

4 New Zealand Exploration and Production Sector 29
4.1 New Zealand Exploration and Production Sector, Country Snapshot 29
4.1.1 New Zealand Exploration and Production Sector, Key Data 29
4.1.2 New Zealand Exploration and Production Sector, Crude Oil Assets Map 29
4.2 New Zealand Exploration and Production Sector, Gross Crude Oil Production 30
4.2.1 New Zealand Exploration and Production Sector, Total Gross Crude Oil-Historical Production 30
4.2.2 New Zealand Exploration and Production Sector, Gross Crude Oil Production by Type 31
4.2.3 New Zealand Exploration and Production Sector, Gross Crude Oil Production by Assets 32
4.2.4 New Zealand Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 32
4.2.5 New Zealand Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 33
4.3 New Zealand Exploration and Production Sector, Gross Crude Oil Forecasts 35
4.3.1 New Zealand Exploration and Production Sector, Gross Crude Oil Forecasted Production 35
4.4 New Zealand Exploration And Production Sector, Crude Oil Asset Details 35
4.4.1 New Zealand Exploration And Production Sector, Active Crude Oil Asset Details 35
4.4.2 New Zealand Exploration And Production Sector, Planned Crude Oil Asset Details 36
4.5 New Zealand Exploration And Production Sector, Major Oil Discoveries 37
4.5.1 New Zealand Exploration And Production Sector, Number of Oil Discoveries, 2005- 2010 37
4.5.2 New Zealand Exploration And Production Sector, Oil Discovery Details 38
4.6 New Zealand Exploration And Production Sector, Recent Discoveries 38
4.6.1 May 06, 2011: TAG Oil Strikes Oil And Gas At Sidewinder-4 Well In PEP 38748, New Zealand 38
4.6.2 Apr 05, 2011: TAG Oil Announces Light Oil And Gas Discovery At Sidewinder-3 Exploration Well In Taranaki Basin, New Zealand 39
4.6.3 Mar 14, 2011: TAG Oil Announces New Light Oil And Gas Discovery In Taranaki Basin, New Zealand 39
4.6.4 Mar 03, 2011: TAG Oil Announces Light Oil Discovery In Taranaki Basin, New Zealand 40
4.7 New Zealand Exploration And Production Sector, Drilling and Production Updates 40
4.7.1 Jun 17, 2011: L&M Energy To Spud Free Carried Taranaki Well 40
4.7.2 Mar 08, 2011: L&M Energy Updates On OM#7 CSG Well In Taranaki, New Zealand 41
4.7.3 Feb 28, 2011: L&M Energy Provides Ohai Pilot Drilling Update 41
4.7.4 Feb 15, 2011: TAG Oil Starts Drilling Cheal Oil And Gas Field In New Zealand 41
4.7.5 Feb 09, 2011: L&M Energy Updates On Ohai CSG Pilot Project Progress 42

5 New Zealand FPSO Industry 43
5.1 New Zealand FPSO Industry, FPSO Capacity Details by Vessel 43
5.2 New Zealand FPSO Industry, FPSO Vessel Specifications 43

6 New Zealand Pipeline Sector 44
6.1 New Zealand Pipeline Sector, Key Data 44
6.2 New Zealand Pipeline Sector, An Overview 44
6.3 New Zealand Pipeline Sector, Crude Oil Pipeline Companies 44
6.4 New Zealand Pipeline Sector, Petroleum Product Pipeline Companies 45
6.5 New Zealand Pipeline Sector, Crude Oil Pipelines 45
6.6 New Zealand Pipeline Sector, Petroleum Product Pipelines 45

7 New Zealand Refining Sector 46
7.1 New Zealand Refining Sector, Key Data 46
7.2 New Zealand Refining Sector, An Overview 46
7.2.1 New Zealand Refining Sector, Total Refining Capacity 46
7.3 New Zealand Refining Sector, Capacity- Wise Market Share by Company 47
7.4 New Zealand Refining Sector, Crude Distillation Unit Capacity 48
7.5 New Zealand Refining Sector, Hydrocracking Capacity 48

8 New Zealand Oil and Chemicals Storage Sector 49
8.1 New Zealand Oil and Chemicals Storage Sector, Key Data 49
8.2 New Zealand Oil and Chemicals Storage Sector, An Overview 49
8.2.1 New Zealand Oil and Chemicals Storage Sector, Total Storage Capacity 49
8.2.2 New Zealand Oil and Chemicals Storage Sector, Storage Capacity Share by Area 50
8.3 New Zealand Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 51
8.4 New Zealand Oil and Chemicals Storage Sector, Storage Capacity 52

9 Profile of OMV Aktiengesellschaft 53
9.1 OMV Aktiengesellschaft, Key Information 53
9.2 OMV Aktiengesellschaft, Company Overview 53
9.3 OMV Aktiengesellschaft, Business Description 53
9.3.1 Business Overview 53
9.3.2 Exploration and Production 53
9.3.3 Gas and Power 54
9.3.4 Refining and Marketing 55
9.4 OMV Aktiengesellschaft, SWOT Analysis 56
9.4.1 Overview 56
9.4.2 OMV Aktiengesellschaft Strengths 57
9.4.3 OMV Aktiengesellschaft Weaknesses 57
9.4.4 OMV Aktiengesellschaft Opportunities 58
9.4.5 OMV Aktiengesellschaft Threats 59

10 Profile of Royal Dutch Shell plc 60
10.1 Royal Dutch Shell plc, Key Information 60
10.2 Royal Dutch Shell plc, Company Overview 60
10.3 Royal Dutch Shell plc, Business Description 60
10.3.1 Business Overview 60
10.3.2 Corporate 61
10.3.3 Downstream 61
10.3.4 Upstream 62
10.4 Royal Dutch Shell plc, SWOT Analysis 63
10.4.1 Overview 63
10.4.2 Royal Dutch Shell plc Strengths 64
10.4.3 Royal Dutch Shell plc Weaknesses 65
10.4.4 Royal Dutch Shell plc Opportunities 66
10.4.5 Royal Dutch Shell plc Threats 67

11 Profile of Mitsui & Co., Ltd. 69
11.1 Mitsui & Co., Ltd., Key Information 69
11.2 Mitsui & Co., Ltd., Company Overview 69
11.3 Mitsui & Co., Ltd., Business Description 69
11.3.1 Business Overview 69
11.3.2 Chemical 70
11.3.3 Consumer Service & IT 71
11.3.4 Energy 71
11.3.5 Foods & Retail 73
11.3.6 Iron & Steel Products 74
11.3.7 Logistics & Financial Markets 75
11.3.8 Machinery & Infrastructure Projects 75
11.3.9 Mineral & Metal Resources 76
11.4 Mitsui & Co., Ltd., SWOT Analysis 77
11.4.1 Overview 77
11.4.2 Mitsui & Co., Ltd. Strengths 78
11.4.3 Mitsui & Co., Ltd. Weaknesses 79
11.4.4 Mitsui & Co., Ltd. Opportunities 80
11.4.5 Mitsui & Co., Ltd. Threats 81

12 Financial Deals Landscape 83
12.1 Detailed Deal Summary 83
12.1.1 Acquisition 83
12.1.2 Debt Offerings 84
12.1.3 Asset Transactions 85

13 Recent Developments 92
13.1 License Awards 92
13.1.1 Jun 01, 2010: Petrobras Wins Petroleum Exploration Permit In New Zealand 92
13.2 Strategy and Business Expansion 92
13.2.1 Jun 09, 2010: L&M Energy Signs Agreement To Explore Small Scale LNG Projects In New Zealand 92
13.3 Other Significant Developments 93
13.3.1 Jun 21, 2011: L&M Energy Updates On Ohai CSG Pilot Project In New Zealand 93
13.3.2 Jun 15, 2011: Kea Petroleum Announces Hoadleys-1 Drilling Schedule And Wingrove Update 93
13.3.3 Jun 09, 2011: TAG Oil Announces Test Results On Sidewinder-4 Well At Taranaki Basin, New Zealand 94
13.3.4 Jun 06, 2011: TAG Oil Updates On Cheal-C1 Exploration Well In Taranaki Basin, New Zealand 94
13.3.5 Jun 02, 2011: TAG Oil Reports Strong Flow Test At Sidewinder-3 Discovery, And On-Track To Produce First Commercial Oil And Gas From Sidewinder Discoveries 95
13.3.6 May 31, 2011: TAG Oil Announces Strong Flow Test Result From Multiple Zone Oil Discovery In Cheal-B4ST Exploration Well 96
13.3.7 May 13, 2011: Comet Ridge Updates On Aerial Survey In New Zealand 96
13.3.8 May 04, 2011: Kea Petroleum Commences Wingrove Test Operations 97
13.3.9 Apr 15, 2011: Comet Ridge Updates On Aerial Survey In New Zealand 97
13.3.10 Apr 08, 2011: OMV, Partners Receive MED Approval For Seismic Acquisition At Great South Basin 98

14 Appendix 99
14.1 Abbreviations 99
14.2 Methodology 99
14.2.1 Coverage 99
14.2.2 Secondary Research 100
14.2.3 Primary Research 100
14.2.4 Expert Panel Validation 100
14.3 Contact Us 101
14.4 Disclaimer 101

1.1 List of Tables

Table 1: New Zealand, Historc and Forecast Production and Consumption of Crude Oil, 2000-2020
Table 2: New Zealand, Historic and Forecast Imports and Exports of Crude Oil, Thousand Barrels Per Day, 2000-2020
Table 3: New Zealand, Historic Reserves of Crude Oil, Million Barrels, 2000-2010
Table 4: Asia Pacific, Investment Benchmarking, Overall Country Rankings, Jun 2011
Table 5: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, Jun 2011
Table 6: Asia Pacific, Investment Benchmarking, Oil Sector Performance, Jun 2011
Table 7: Asia Pacific, Investment Benchmarking, Economic Performance, Jun 2011
Table 8: Asia Pacific, Country Standings, Economic Performance, Jun 2011
Table 9: Asia Pacific, Investment Benchmarking, Socio-Political Performance, Jun 2011
Table 10: Asia Pacific, Country Standings, Socio-Political Performance, June 2011
Table 11: New Zealand, Crude Oil Key Statistics, 2010
Table 12: New Zealand, Total Gross Crude Oil Production (MMBBLs), 2003-2010
Table 13: New Zealand, Total Gross Crude Oil Production (MMBBLs) by Type, 2003- 2010
Table 14: New Zealand, Gross Crude Oil Production (MMBBLs), by Assets, 2003-2010
Table 15: New Zealand, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2003- 2010
Table 16: New Zealand, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2010
Table 17: New Zealand, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2011-2015
Table 18: New Zealand, Active Oil Field Asset Details
Table 19: New Zealand, Planned Oil Field Asset Details
Table 20: New Zealand, Number of Oil Discoveries, 2005- 2010
Table 21: New Zealand, Oil Discovery Details, 2005-2010
Table 22: New Zealand FPSO Industry, FPSO Oil Production Capacities, Jun 2011
Table 23: New Zealand FPSO Industry, FPSO Vessel Specifications, Jun 2011
Table 24: New Zealand, Pipeline Key Statistics, Jun 2011
Table 25: New Zealand, Crude Oil Pipeline Length by Company (Km), Jun 2011
Table 26: New Zealand, Petroleum Product Pipeline Length by Company (Km), Jun 2011
Table 27: New Zealand, Crude Oil Pipelines, Jun 2011
Table 28: New Zealand, Petroleum Product Pipelines, Jun 2011
Table 29: New Zealand, Refinery Key Statistics, Jun 2011
Table 30: New Zealand, Total Refining Capacity (MMTPA), 2000- 2015
Table 31: New Zealand, Refining Capacity Company-wise (MMTPA), 2000-2015
Table 32: New Zealand, Crude Distillation Unit Capacity (MMTPA), 2000-2015
Table 33: New Zealand, Hydrocracking Unit Capacity (MMTPA), 2000-2015
Table 34: New Zealand, Oil Storage Key Statistics, Jun 2011
Table 35: New Zealand, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015
Table 36: New Zealand, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015
Table 37: New Zealand, Storage Capacity (Thousand M3), 2000-2015
Table 38: OMV Aktiengesellschaft, Key Facts
Table 39: OMV Aktiengesellschaft, SWOT Analysis
Table 40: Royal Dutch Shell plc, Key Facts
Table 41: Royal Dutch Shell plc, SWOT Analysis
Table 42: Mitsui & Co., Ltd., Key Facts
Table 43: Mitsui & Co., Ltd., SWOT Analysis
Table 44: Stolt-Nielsen Limited To Acquire 70% Stake In Marstel Terminals
Table 45: Greenstone Energy Completes Offering Of 7.35% Bonds Due 2016 For $104.4 Million
Table 46: New Zealand Energy To Acquire 50% Interest In Alton Permit From AGL Upstream Gas
Table 47: OMV New Zealand To Acquire 65% Stake In PEP 51906 Permit In New Zealand
Table 48: TAG Oil Acquires 20% Interest In Permit PEP 52181
Table 49: TAG Oil Acquires 100% Interest In PMP 38156-D
Table 50: Todd Energy Acquires 20% Interest In Taranaki Basin Exploration Permit
Table 51: New Zealand Oil Plans To Farm-Out Its Stake In Permit PEP 51311
Table 52: Carnarvon Completes Acquisition Of 10% Interest In PEP38524 From AWE New Zealand

1.2 List of Figures

Figure 1: New Zealand, Energy Consumption break-up (%), 2010
Figure 2: New Zealand, Crude Oil Production And Consumption, Thousand Barrels Per Day, 2000-2020
Figure 3: New Zealand, Crude Oil Exports And Imports, Thousand Barrels Per Day, 2000-2020
Figure 4: New Zealand, Crude Oil Reserves, Million Barrels, 2000-2010
Figure 5: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, Jun 2011
Figure 6: Asia Pacific, Country Standings, Oil Sector Performance by Reserves-Exploration & Production, Jun 2011
Figure 7: Asia Pacific, Country Standings, Oil Sector Performance by Production-Consumption & Refining, Jun 2011
Figure 8: Asia Pacific, Country Standings, Number of Exploration Blocks Awarded, Jun 2011
Figure 9: Asia Pacific, Country Standings, Economic Performance, Jun 2011
Figure 10: Asia Pacific, Country Standings, Socio-Political Performance, Jun 2011
Figure 11: New Zealand, Crude Oil Assets Map, Jun 2011
Figure 12: New Zealand, Total Gross Crude Oil Production (MMBBLs), 2003-2010
Figure 13: New Zealand, Total Gross Crude Oil Production (MMBBLs) by Type, 2003-2010
Figure 14: New Zealand, Gross Equity Weighted Crude Oil Production by Key Companies (MMBBLs), 2003-2010
Figure 15: New Zealand, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2010
Figure 16: New Zealand, Number of Oil Discoveries, 2005- 2010
Figure 17: New Zealand, Total Refining Capacity (MMTPA), 2000- 2015
Figure 18: New Zealand, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015
Figure 19: New Zealand, Oil and Chemicals Storage Capacity Share by Area (%), 2010
Figure 20: New Zealand, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015