1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 New Zealand Energy Sector 12
2.1 New Zealand Energy Sector, Market Overview 12
2.2 New Zealand Energy Sector, Crude Oil 13
2.2.1 New Zealand Crude Oil, Overview 13
2.2.2 New Zealand Crude Oil, Supply and Demand Balance 13
2.2.3 New Zealand Crude Oil, Regulatory Structure 19
2.2.4 New Zealand Crude Oil, Infrastructure 20
3 New Zealand Fiscal Regime 21
3.1 New Zealand Petroleum Fiscal Environment 21
3.2 License Terms 21
3.3 Key Fiscal Terms 23
3.4 Sample Cashflows Calculations 26
4 New Zealand Oil Upstream Investment Environment Benchmarking 27
4.1 Introduction 27
4.2 The Overall Ranking 27
4.3 Upstream Fiscal Attractiveness 28
4.3.1 Maximum Government Take Index 29
4.3.2 Maximum State Participation 29
4.4 Oil Sector Performance 30
4.4.1 Exploration Activity 32
4.4.2 Oil Production 33
4.4.3 Oil Reserves 33
4.4.4 Oil Consumption 34
4.4.5 Refining Industry 34
4.5 Economic Performance 34
4.5.1 GDP Growth Index 36
4.5.2 FDI Confidence Index 36
4.5.3 Balance of Trade Index 37
4.6 Socio-Political Performance 37
4.6.1 Democracy Index 39
4.6.2 Governance Index 39
5 New Zealand Exploration and Production Sector 40
5.1 New Zealand Exploration and Production Sector, Country Snapshot 40
5.1.1 New Zealand Exploration and Production Sector, Key Data 40
5.1.2 New Zealand Exploration and Production Sector, Crude Oil Assets Map 40
5.2 New Zealand Exploration and Production Sector, Gross Crude Oil Production 41
5.2.1 New Zealand Exploration and Production Sector, Gross Crude Oil-Historical Production 41
5.2.2 New Zealand Exploration and Production Sector, Gross Crude Oil Production by Assets 42
5.2.3 New Zealand Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 43
5.2.4 New Zealand Exploration and Production Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 44
5.3 New Zealand Exploration and Production Sector, Gross Crude Oil Forecasts 46
5.3.1 New Zealand Exploration and Production Sector, Gross Crude Oil Forecasted Production 46
5.4 New Zealand Exploration And Production Sector, Crude Oil Asset Details 47
5.4.1 New Zealand Exploration And Production Sector, Active Crude Oil Asset Details 47
5.4.2 New Zealand Exploration And Production Sector, Planned Crude Oil Asset Details 47
6 New Zealand Pipeline Sector 48
6.1 New Zealand Pipeline Sector, Key Data 48
6.2 New Zealand Pipeline Sector, An Overview 48
6.3 New Zealand Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 48
6.4 New Zealand Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 49
6.5 New Zealand Pipeline Sector, Crude Oil Pipelines 49
6.6 New Zealand Pipeline Sector, Petroleum Product Pipelines 49
7 New Zealand Refining Sector 50
7.1 New Zealand Refining Sector, Key Data 50
7.2 New Zealand Refining Sector, An Overview 50
7.2.1 New Zealand Refining Sector, Total Refining Capacity 50
7.3 New Zealand Refining Sector, Capacity- Wise Market Share by Company 51
7.4 New Zealand Refining Sector, Crude Distillation Unit Capacity 53
7.5 New Zealand Refining Sector, Hydrocracking Capacity 53
8 New Zealand Oil and Chemicals Storage Sector 54
8.1 New Zealand Oil and Chemicals Storage Sector, Key Data 54
8.2 New Zealand Oil and Chemicals Storage Sector, An Overview 54
8.2.1 New Zealand Oil and Chemicals Storage Sector, Total Storage Capacity 54
8.3 New Zealand Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 56
8.4 New Zealand Oil and Chemicals Storage Sector, Storage Capacity 57
9 Profile of Royal Dutch Shell Plc 58
9.1 Royal Dutch Shell Plc, Key Information 58
9.2 Royal Dutch Shell Plc, Company Overview 58
9.3 Royal Dutch Shell Plc, Business Description 58
9.3.1 Royal Dutch Shell Plc, Business Description, Overview 58
9.3.2 Royal Dutch Shell Plc, Business Description, Chemicals 59
9.3.3 Royal Dutch Shell Plc, Business Description, Corporate and Others 60
9.3.4 Royal Dutch Shell Plc, Business Description, Exploration and Production 60
9.3.5 Royal Dutch Shell Plc, Business Description, Gas and Power 62
9.3.6 Royal Dutch Shell Plc, Business Description, Oil Products 64
9.3.7 Royal Dutch Shell Plc, Business Description, Oil Sands 65
9.4 Royal Dutch Shell Plc, Value Chain Analysis 67
9.4.1 Royal Dutch Shell Plc, Value Chain Analysis, Upstream 67
9.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream 68
9.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 69
9.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 69
9.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 70
9.5 Royal Dutch Shell Plc, SWOT Analysis 71
9.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview 71
9.5.2 Royal Dutch Shell Plc, SWOT Analysis, Strengths 71
9.5.3 Royal Dutch Shell Plc, SWOT Analysis, Weaknesses 72
9.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities 73
9.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 74
9.6 Royal Dutch Shell Plc, Revenue Analysis 75
9.6.1 Royal Dutch Shell Plc, Revenue by Segment 75
9.6.2 Royal Dutch Shell Plc, Revenue by Geography 76
9.7 Royal Dutch Shell plc, Financial and Operational Review 77
9.7.1 Financial Statements 77
9.7.2 Financial Ratios 78
10 Profile of OMV Aktiengesellschaft 79
10.1 OMV Aktiengesellschaft, Key Information 79
10.2 OMV Aktiengesellschaft, Company Overview 79
10.3 OMV Aktiengesellschaft, Business Description 79
10.3.1 OMV Aktiengesellschaft, Business Description, Business Overview 79
10.3.2 OMV Aktiengesellschaft, Business Description, Exploration and Production 79
10.3.3 OMV Aktiengesellschaft, Business Description, Gas and Power 81
10.3.4 OMV Aktiengesellschaft, Business Description, Refining and Marketing 82
10.3.5 OMV Aktiengesellschaft, Business Description, Major Products and Services 83
10.4 OMV Aktiengesellschaft, Value Chain Analysis 85
10.4.1 OMV Aktiengesellschaft, Value Chain Analysis, Upstream 85
10.4.2 OMV Aktiengesellschaft, Value Chain Analysis Midstream 86
10.4.3 OMV Aktiengesellschaft, Value Chain Analysis, Downstream 87
10.4.4 OMV Aktiengesellschaft, Value Chain Analysis Retail 87
10.5 OMV Aktiengesellschaft, SWOT Analysis 87
10.5.1 OMV Aktiengesellschaft, SWOT Analysis, Overview 87
10.5.2 OMV Aktiengesellschaft, SWOT Analysis, Strengths 88
10.5.3 OMV Aktiengesellschaft, SWOT Analysis, Weaknesses 89
10.5.4 OMV Aktiengesellschaft, SWOT Analysis, Opportunities 89
10.5.5 OMV Aktiengesellschaft, SWOT Analysis, Threats 90
10.6 OMV Aktiengesellschaft, Revenue Analysis 90
10.6.1 OMV Aktiengesellschaft, Revenue by Segment 90
10.6.2 OMV Aktiengesellschaft, Revenue by Geography 91
10.7 OMV Aktiengesellschaft, Financial and Operational Review 93
10.7.1 Financial Statements 93
10.7.2 Financial Ratios 94
11 Profile of Mitsui & co.,Ltd. 95
11.1 Mitsui & co., Ltd., Key Information 95
11.2 Mitsui & co., Ltd., Company Overview 95
11.3 Mitsui & co.,Ltd., Business Description 95
11.3.1 Mitsui & co.,Ltd., Business Description, Business Overview 95
11.3.2 Mitsui & co., Ltd., Business Description, Chemical 96
11.3.3 Mitsui & co., Ltd., Business Description, Consumer Service & IT 97
11.3.4 Mitsui & co., Ltd., Business Description, Energy 98
11.3.5 Mitsui & co., Ltd., Business Description, Foods & Retail 99
11.3.6 Mitsui & co., Ltd., Business Description, Iron & Steel Products 100
11.3.7 Mitsui & co., Ltd., Business Description, Logistics & Financial Markets 102
11.3.8 Mitsui & co., Ltd., Business Description, Machinery & Infrastructure Projects 103
11.3.9 Mitsui & co., Ltd., Business Description, Mineral & Metal Resources 104
11.3.10 Mitsui & co., Ltd., Business Description, Major Products and Services 105
11.4 Mitsui & co., Ltd., Value Chain Analysis 107
11.4.1 Mitsui & co., Ltd., Value Chain Analysis, Upstream 108
11.4.2 Mitsui & co., Ltd., Value Chain Analysis, Midstream 108
11.4.3 Mitsui & co., Ltd., Value Chain Analysis, Downstream 109
11.4.4 Mitsui & co., Ltd., Value Chain Analysis, Retail 109
11.5 Mitsui & co., Ltd., SWOT Analysis 110
11.5.1 Mitsui & co., Ltd., SWOT Analysis, Overview 110
11.5.2 Mitsui & co., Ltd., SWOT Analysis, Strengths 110
11.5.3 Mitsui & co., Ltd., SWOT Analysis, Weaknesses 111
11.5.4 Mitsui & co., Ltd., SWOT Analysis, Opportunities 112
11.5.5 Mitsui & co., Ltd., SWOT Analysis, Threats 112
11.6 Mitsui & co., Ltd., Revenue Analysis 113
11.6.1 Mitsui & co., Ltd., Revenue by Segment 113
11.6.2 Mitsui & co., Ltd., Revenue by Geography 115
11.7 Mitsui & co., Ltd., Financial and Operational Review 116
11.7.1 Financial Statements 116
11.7.2 Financial Ratios 117
12 Financial Deals Landscape 118
12.1 Detailed Deal Summary 118
12.1.1 Equity Offerings 118
12.1.2 Debt Offerings 123
12.1.3 Partnerships 124
12.1.4 Asset Transactions 125
13 Recent Developments 133
13.1 License Rounds 133
13.1.1 Dec 10, 2008: New Zealand Opens Bidding For Oil Exploration In Raukumara Field And Northland Basin 133
13.2 License Awards 133
13.2.1 Mar 20, 2009: New Zealand Oil & Gas Wins Exploration Permit In Taranaki Basin, New Zealand 133
13.2.2 Feb 03, 2009: LMP Receives Second Five-Year Term For PEP 38226 (Waiau) At Western Southland Basin, New Zealand 134
13.2.3 Jan 28, 2009: NZOG Wins New Taranaki Exploration Permit 135
13.3 Strategy and Business Expansion 136
13.3.1 Jan 30, 2009: PXP Surrenders Permit PEP 38344 In East Coast Basin, Offshore New Zealand 136
13.3.2 Dec 08, 2008: KEA Wants To Look For Oil At Kaipara Harbour In New Zealand 136
13.4 Drilling and Production Updates 137
13.4.1 Mar 23, 2009: Horizon Oil Updates On MR3P8 And MR4P9 Wells At Maari Oil Field In PMP 38160, New Zealand 137
13.4.2 Mar 11, 2009: Horizon Oil Updates On Maari Oil Field In Offshore Taranaki Basin, New Zealand 138
13.4.3 Mar 10, 2009: Origin Energy To Drill Two Gas Prospects At Offshore Auckland, New Zealand In Late 2009 138
13.4.4 Mar 02, 2009: L&M Petroleum To Start Drilling Operations At PEP 38226 And PEP 38238 In New Zealand 139
13.4.5 Feb 25, 2009: Horizon Oil Announces First Oil Flow From Maari Field In New Zealand 140
13.4.6 Feb 18, 2009: Chartwell Energy Spuds Matata-1C Well In PEP50280 In Waikato Region, New Zealand 141
13.4.7 Feb 15, 2009: Austral Pacific Updates Reserves 142
13.4.8 Feb 13, 2009: TAG Updates On Cheal Oil Pool, Onshore Taranaki Basin, New Zealand 142
13.4.9 Jan 27, 2009: OMV Completes Drilling MR3P8 Well In Taranaki Basin, New Zealand 143
13.4.10 Jan 27, 2009: Tui Fields Produce 20 Millionth Barrel Of Oil 144
13.4.11 Jan 23, 2009: Horizon Updates On Maari Oil Field In New Zealand 145
13.4.12 Jan 21, 2009: Tui Oil Field Partners Plan 2009 Drilling Campaign 145
13.4.13 Jan 14, 2009: LMP's Laboratory Testing Confirms Goodwin-1 CSG Potential In New Zealand 147
13.4.14 Jan 08, 2009: NZOG Updates On Tui Oil Field In Taranaki Basin, New Zealand 147
13.4.15 Dec 18, 2008: OMV Updates On Maari Oil Field In New Zealand 148
13.4.16 Dec 15, 2008: NZOG To Increase Exploration Activities In Canterbury And Taranaki Basins, New Zealand In 2009 149
13.4.17 Dec 09, 2008: Rawson Begins Work At Taranaki Basin In New Zealand 150
13.4.18 Dec 02, 2008: LMP To Run Wireline Logs At Wairaki -1 CSG Well In PEP 38238, New Zealand 151
13.4.19 Nov 24, 2008: Horizon Provides Drilling Update On Maari Oil Field In New Zealand 151
13.5 Financial Announcements 152
13.5.1 Feb 18, 2009: Vector Reports H1 Fiscal 2009 Results 152
13.6 Other Significant Developments 154
13.6.1 Feb 02, 2009: Pan Pacific Provides Q4 2008 Operations Update 154
13.6.2 Jan 30, 2009: NZOG Provides Q2 2008 Operational Update 156
13.6.3 Dec 11, 2008: Xtract Provides Operational Update 157
14 Appendix 159
14.1 Methodology 159
14.1.1 Coverage 160
14.1.2 Secondary Research 161
14.1.3 Primary Research 161
14.1.4 E&P Forecasts 161
14.1.5 Midstream Forecasts 163
14.1.6 Expert Panel Validation 163
14.2 Contact Us 163
14.3 About GlobalData 163
14.4 Disclaimer 163
1.1 List of Tables
Table 1: New Zealand, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 14
Table 2: New Zealand, Historical and Forecasted Exports and Imports of Crude Oil, 1996-2020 16
Table 3: New Zealand, Historical Reserves of Crude Oil, 1996-2008 18
Table 4: Asia Pacific, Investment Benchmarking, Overall Country Rankings, 2008 27
Table 5: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 28
Table 6: Asia Pacific, Investment Benchmarking, Oil Sector Performance, 2008 30
Table 7: Asia Pacific, Investment Benchmarking, Economic Performance, 2008 35
Table 8: Asia Pacific, Country Standings, Economic Performance, 2008 35
Table 9: Asia Pacific, Investment Benchmarking, Socio-Political Performance, 2008 37
Table 10: Asia Pacific, Country Standings, Socio-Political Performance, 2008 38
Table 11: New Zealand, Crude Oil Key Statistics, 2008 40
Table 12: New Zealand, Total Gross Crude Oil Production (MMBBLs), 2001-2008 41
Table 13: New Zealand, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 42
Table 14: New Zealand, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 43
Table 15: New Zealand, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 44
Table 16: New Zealand, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 46
Table 17: New Zealand, Active Oil Field Assets Details 47
Table 18: New Zealand, Planned Oil Field Assets Details 47
Table 19: New Zealand, Pipeline Key Statistics, 2008 48
Table 20: New Zealand, Crude Oil Pipeline Length by Company (Km), 2008 48
Table 21: New Zealand, Petroleum Product Pipeline Length by Company (Km), 2008 49
Table 22: New Zealand, Crude Oil Pipelines, 2008 49
Table 23: New Zealand, Petroleum Product Pipelines, 2008 49
Table 24: New Zealand, Refinery Key Statistics, 2008 50
Table 25: New Zealand, Total Refining Capacity (MMTPA), 2000- 2013 50
Table 26: New Zealand, Refining Capacity Company-wise (MMTPA), 2000-2013 51
Table 27: Asia-Pacific, Crude Distillation Unit Capacity in New Zealand (MMTPA), 2000-2013 53
Table 28: Asia-Pacific, Hydrocracking Unit Capacity in New Zealand (MMTPA), 2000-2013 53
Table 29: New Zealand, Oil Storage Key Statistics, 2008 54
Table 30: New Zealand, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 54
Table 31: New Zealand, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 56
Table 32: New Zealand, Storage Capacity (Thousand M3), 2000-2013 57
Table 33: Royal Dutch Shell plc, Key Facts 58
Table 34: Royal Dutch Shell plc, SWOT Analysis 71
Table 35: Royal Dutch Shell plc, Revenue by Segment, USD Million, 2003-2007 76
Table 36: Royal Dutch Shell plc, Revenue by Geography, USD Million, 2003-2007 77
Table 37: Royal Dutch Shell plc, Financial Statements, USD Million, 2003-2007 77
Table 38: Royal Dutch Shell plc, Financial Ratios, USD Million, 2003-2007 78
Table 39: OMV Aktiengesellschaft, Key Facts 79
Table 40: OMV Aktiengesellschaft, SWOT Analysis 88
Table 41: OMV Aktiengesellschaft, Revenue by Segment, Euro Million, 2003-2007 91
Table 42: OMV Aktiengesellschaft, Revenue by Geography, Euro Million, 2003-2007 92
Table 43: OMV Aktiengesellschaft, Financial Statements, Euro Million, 2003-2007 93
Table 44: OMV Aktiengesellschaft, Financial Ratios, Euro Million, 2003-2007 94
Table 45: Mitsui & Co., Ltd., Key Facts 95
Table 46: Mitsui & Co., Ltd., SWOT Analysis 110
Table 47: Mitsui & Co., Ltd., Revenue by Segment, Yen Million, 2003-2007 114
Table 48: Mitsui & Co., Ltd., Revenue by Geography, Yen Million, 2003-2007 115
Table 49: Mitsui & Co., Ltd., Financial Statements, Yen Million, 2003-2007 116
Table 50: Mitsui & Co., Ltd., Financial Ratios, Yen Million, 2003-2007 117
Table 51: Austral Pacific Completes Private Placement Of $5.61 Million 118
Table 52: Austral Pacific Energy Completes Final Tranche Of Private Placement Of $3.9 Million 119
Table 53: Austral Pacific Energy Completes Private Placement Of $10 Million 120
Table 54: Austral Pacific Completes $3.25 Million Financing 121
Table 55: L & M Petroleum Completes Initial Public Offering Of $15.74 Million 122
Table 56: Contact Energy Increases Its Bond Offering To $281.6 Million 123
Table 57: Australian Worldwide Exploration Forms Partnership With Mitsui E&P 124
Table 58: Kairiki Energy Sells 33.33% Stake In AMI To New Zealand Oil & Gas 125
Table 59: Horizon Oil To Acquire 25% Interest In PEP-38494 126
Table 60: Cue Energy Resources Acquires 20% Interest In PEP 38494 permit 127
Table 61: Origin Energy And Contact Energy Acquires Oil And Gas Assets From Swift Energy 128
Table 62: Austral Pacific Announces Farmout of PEP 38524 129
Table 63: Austral Pacific Enters Into Farmout Agreement 130
Table 64: Greymouth Petroleum To Acquire Assets From Swift Energy 131
Table 65: Genesis Acquires 15.1% Interest In PEP 38738-D And PMP 38156-D From TAG Oil 132
1.2 List of Figures
Figure 1: New Zealand, Energy Sector break-up, 2008 12
Figure 2: New Zealand, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020. 15
Figure 3: New Zealand, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 17
Figure 4: New Zealand, Crude Oil Reserves, Million Barrels, 1996-2008 19
Figure 5: New Zealand, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 26
Figure 6: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, 2008 29
Figure 7: Asia Pacific, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 31
Figure 8: Asia Pacific, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 32
Figure 9: Asia Pacific, Country Standings, Exploration Blocks Awarded, 2008 33
Figure 10: Asia Pacific, Country Standings, Economic Performance, 2008 36
Figure 11: Asia Pacific, Country Standings, Socio-Political Performance, 2008 38
Figure 12: New Zealand, Crude Oil Assets Map, 2008 40
Figure 13: New Zealand, Total Gross Crude Oil Production (MMBBLs), 2001-2008 41
Figure 14: New Zealand, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 44
Figure 15: New Zealand, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 45
Figure 16: New Zealand, Total Refining Capacity (MMTPA), 2000- 2013 51
Figure 17: New Zealand, Refining Capacity Company-wise (MMTPA), 2008 52
Figure 18: New Zealand, Refining Capacity Company-wise (MMTPA), 2013 52
Figure 19: New Zealand, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 55
Figure 20: New Zealand, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 56
Figure 21: Royal Dutch Shell plc, Value Chain Analysis 67
Figure 22: OMV Aktiengesellschaft, Value Chain Analysis 85
Figure 23: Mitsui & Co., Ltd., Value Chain Analysis 107
Figure 24: GlobalData Methodology 160