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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| New Zealand Oil and Gas Limited | ASX:NZO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.005 | 1.39% | 0.365 | 0.365 | 0.38 | 0.39 | 0.365 | 0.38 | 66,606 | 07:10:19 |
From Jun 2019 to Jun 2024
New Zealand Oil & Gas Ltd. (NZO.NZ) said Friday the first shipment of light crude oil from the Kupe field will be loaded next week for shipping to BP Plc's (BP) Kwinana refinery in Western Australia state.
The 120,000-180,000 barrels of crude oil is due to leave Port Taranaki in New Zealand on the British Chivalry tanker.
The Kupe gas and oil field, which lies 30 kilometers off the south Taranaki coast of New Zealand, has been producing natural gas, liquefied petroleum gas and light crude oil since early December.
Once fully operational, Kupe will provide 10%-15% of New Zealand's annual gas demand and more than 50% of its LPG demand, New Zealand Oil & Gas said in a statement.
Australia's Origin Energy Ltd. (ORG.AU) is the leading shareholder in the Kupe field, with a 50% interest, and acts as operator. New Zealand Oil & Gas has a 15% equity stake.
-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com
1 Year New Zealand Oil and Gas Chart |
1 Month New Zealand Oil and Gas Chart |
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