Origin Energy advises that it is finalizing its development plan for the Kupe field, located in PML38146 in the Taranaki Basin of New Zealand. The company says that facilities engineering is underway.
Offshore staff
(Australia) - Origin Energy advises that it is finalizing its development plan for the Kupe field, located in PML38146 in the Taranaki Basin of New Zealand. The company says that facilities engineering is underway.
The joint venture expects to make the final investment decision to proceed with development of the field in the 4Q 2005. First gas from the field is targeted for late 2007.
The Kupe development's joint venture partners include operator Origin Energy with a 50% working interest, Genesis Energy has a 31% stake, New Zealand Oil and Gas Ltd. holds a 15% interest, and Mitsui E&P New Zealand Ltd. owns a 4% interest.
