Tui oil field explained

Tui oil field
Country:New Zealand
Location:Taranaki
Offonshore:offshore
Operator:Tamarind Taranaki
Start Production:2007
Est Oil Bbl:41

The Tui oil field is an oil reservoir located off the west coast of Taranaki, New Zealand. Tui is the sixth largest crude oil field in New Zealand with total reserves of .[1] Remaining reserves as at January 2018 were . Oil is produced from the Tui, Amokura and Pateke wellheads on the seabed in approximately 120m of water. These wells are connected to the Umuroa, a floating production storage and offloading vessel.[2]

The reservoir was discovered in 2003 by a joint venture between Australian Worldwide Exploration and New Zealand Overseas Petroleum. The nearby Amokura and Pateke oil reserves were discovered in 2004.[3] In 2016, Tamarind purchased AWE's 57.5% interests in the field.[4]

In early 2019, permits were granted for drilling of side track wells to extend the production life of the field.[5] [6] The drilling program was suspended in September 2019 after the first well was dry.[7] Following the suspension of the drilling program, Tamarind warned staff on the Umuroa that its contract would not be renewed after December 31.[8]

On 11 November 2019 field operator Tamarind Taranaki announced that it "may be insolvent" and put the company into administration.[9]

On 27 November Tamarind was served with an abatement notice by the Environmental Protection Authority following a small oil spill at the Tui site.[10] In 2020 the High Court ordered the Umuroa FPSO to stay connected to the oilfield[11] and was cited by Greenpeace as a reason to urgently update the regulatory regime for oil and gas.[12]

See also

References

-39.4431°N 173.2361°W

Notes and References

  1. Book: Energy in New Zealand 2018. MBIE. October 2018. 2324-5913.
  2. Web site: Tui Area Oil Project. Tamarind Resources.
  3. Web site: Tui, Amokura and Pateke Reserves. Offshore Technology.
  4. Web site: Tamarind acquires Tui oil field in New Zealand. Tamarind Resources. 13 December 2016.
  5. News: Proposed development would extend life of Tui oil field. Radio NZ. 6 November 2018.
  6. News: Oil and gas firm Tamarind granted Taranaki consents. 26 February 2019. Stuff.
  7. Web site: Suspension of $300m offshore Taranaki drilling programme 'will cost jobs' . Stuff . Mike Watson . 17 September 2019 . 13 November 2019.
  8. Web site: Jobs at stake after Tamarind Resources end contract at offshore production facility . Mike Watson . Stuff . 15 October 2019 . 13 November 2019.
  9. Web site: Taranaki oil producer Tamarind 'may be insolvent', directors warn . New Zealand Herald . 13 November 2019 . 13 November 2019.
  10. Web site: Abatement Notice served on Tamarind Taranaki Limited . Environmental Protection Authority . 27 November 2019 . 27 November 2019.
  11. Web site: High Court rules on Tamarind mess. 2020-04-09. www.energynewsbulletin.net. en. 2020-05-12.
  12. Web site: Greenpeace smashes oil sector over Tamarind NZ failure. 2020-04-14. www.energynewsbulletin.net. en. 2020-05-12.