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Greymouth Petroleum holds a combined 17,118 sqm of exploration acreage in New Zealand, with six exploration permits located in the Taranaki Basin and one permit located in the Great South Basin.
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Greymouth is the single largest holder of Taranaki onshore acreage and has a strong position offshore.
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Greymouth has rights to produce oil and gas from eight onshore Taranaki mining permits, which are 100% held (with exception of Moturoa which is 98%). Greymouth operates all permits.
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Mining Permit Summary
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TURANGI
- In 2006 Greymouth announced the discovery of the Turangi Gas Condensate Field on Onshore Taranaki. Greymouth’s Turangi-1 well drilled in 2005 encountered Kapuni group sands and a discovery of a sizeable condensate rich gas field was declared.
- The Turangi Production Facility was completed in 2007 and included the first direct hot-tap connection to the Maui Pipeline by a third party.
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KAIMIRO/NGATORO/WINDSOR
- These three established contiguous gas condensate fields are located at the base of Mount Taranaki.
- The Kaimiro production facilities process oil and gas from the fields. The fields are connected into Vector’s main transmission network.
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KOWHAI
- Greymouth re-entered the Kowhai-A1 well in 2008 and declared a commercial discovery in 2009.
- The Kowhai production station and associated facilities were completed and interconnected into the Maui Pipeline in late 2009.
MOTUROA
- The Moturoa mining permit is the site of New Zealand’s first producing oil field, located at Port Taranaki.
- Moturoa is currently producing oil and a number of wells have recently been drilled and tested.
RADNOR/SURREY
- The Radnor and Surrey fields are established oil and gas fields where Greymouth is undertaking various operations.
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