Overview:

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in New Zealand. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, LNG terminals, pipelines and underground gas storage terminals) in New Zealand. The report also analyses the fiscal regime relevant to the natural gas assets in New Zealand and compares the investment environment in New Zealand with other countries in the region. The profiles of the major companies operating in the natural gas sector in New Zealand together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
- Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage terminals in New Zealand for the period 2000-2013.
- Operator and equity details for major natural gas assets in New Zealand.
- Key information relating to market regulations, key energy assets and the key companies operating in the New Zealand’s energy industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the New Zealand including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream gas assets.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned
 

Royal Dutch Shell plc
OMV Aktiengesellschaft
Mitsui & Co., Ltd.

1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 New Zealand Energy Sector 10
2.1 New Zealand Energy Sector, Market Overview 10
2.2 New Zealand Energy Sector, Natural Gas 11
2.2.1 New Zealand Natural Gas, Overview 11
2.2.2 New Zealand Natural Gas, Supply and Demand Balance 11
2.2.3 New Zealand Natural Gas, Regulatory Structure 15
2.2.4 New Zealand Natural Gas, Infrastructure 16
3 New Zealand Fiscal Regime 17
3.1 New Zealand, Petroleum Fiscal Environment 17
3.1.1 Governing Law 17
3.1.2 Licensing Authority 17
3.1.3 State Participation 17
3.2 License Terms 17
3.2.1 Exploration License (EL) Duration 17
3.2.2 Relinquishment during Exploration 17
3.2.3 Exploration obligation 18
3.2.4 Production Rights, Area & Duration 18
3.3 Key Fiscal Terms 18
3.3.1 Royalty 18
3.3.2 Fees 19
3.3.3 Taxation 19
3.3.4 Deductions and Depreciation 20
3.4 New Zealand, Fiscal System - Economic Modeling Methodology 21
3.4.1 Sample Economic Modeling Methodology 22
3.5 New Zealand, Fiscal System - Sample Economics 23
3.6 New Zealand(Offshore), Fiscal System - Sample Asset Valuation 24
4 New Zealand Gas Upstream Investment Environment Benchmarking 25
4.1 Introduction 25
4.2 The Overall Ranking 25
4.3 Upstream Fiscal Attractiveness 26
4.3.1 Maximum Government Take Index 27
4.3.2 Maximum State Participation 27
4.4 Gas Sector Performance 27
4.4.1 Exploration Activity 30
4.4.2 Gas Production 31
4.4.3 Gas Reserves 31
4.4.4 Gas Consumption 31
4.5 Economic Performance 32
4.5.1 GDP Growth Index 33
4.5.2 FDI Confidence Index 33
4.5.3 Balance of Trade Index 34
4.6 Socio-Political Performance 34
4.6.1 Democracy Index 35
4.6.2 Governance Index 35
5 New Zealand Exploration and Production Sector 36
5.1 New Zealand Exploration and Production Sector, Country Snapshot 36
5.1.1 New Zealand Exploration and Production Sector, Key Data 36
5.1.2 New Zealand Exploration and Production Sector, Natural Gas Assets Map 36
5.2 New Zealand Exploration and Production Sector, Marketed Natural Gas Production 37
5.2.1 New Zealand Exploration and Production Sector, Marketed Natural Gas-Historical Production 37
5.2.2 New Zealand Exploration and Production Sector, Marketed Natural Gas Production by Type 38
5.2.3 New Zealand Exploration and Production Sector, Marketed Natural Gas Production by Assets 39
5.2.4 New Zealand Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 39
5.2.5 New Zealand Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 40
5.3 New Zealand Exploration and Production Sector, Marketed Natural Gas Forecasts 41
5.3.1 New Zealand Exploration and Production Sector, Marketed Natural Gas Forecasted Production 41
5.4 New Zealand Exploration And Production Sector, Natural Gas Asset Details 42
5.4.1 New Zealand Exploration And Production Sector, Active Natural Gas Asset Details 42
5.4.2 New Zealand Exploration And Production Sector, Planned Natural Gas Asset Details 42
5.5 New Zealand Exploration And Production Sector, Major Gas Discoveries 43
5.5.1 New Zealand Exploration And Production Sector, Number of Gas Discoveries, 2004- 2009 43
5.5.2 New Zealand Exploration And Production Sector, Gas Discovery Details 44
5.6 New Zealand Exploration And Production Sector, Recent Discoveries 44
5.6.1 Jun 10, 2010: AWE's Tui SW-2 Encounters Oil Shows 44
5.6.2 Apr 27, 2010: Kea Petroleum Strikes Oil At Wingrove-2 Well In Onshore Taranaki Basin, New Zealand 44
5.7 New Zealand Exploration And Production Sector, Drilling and Production Updates 45
5.7.1 Jun 01, 2010: Comet Ridge Completes Macdonald 4P Pilot Well For CSG Production 45
5.7.2 May 20, 2010: AWE Provides Tui SW-2 Well Drilling Update 46
5.7.3 May 13, 2010: TAG Oil Announces Production Increase At Cheal A7 Well With First Fracture Stimulation In New Zealand Oil Field 46
5.7.4 May 11, 2010: AWE Provides Tui SW-1 Drilling Update 47
5.7.5 May 10, 2010: Kea Petroleum Starts Drilling Beluga-1 Well In New Zealand 48
5.7.6 May 06, 2010: AWE Provides Tui SW-1 Well Drilling Update 49
6 New Zealand FPSO Industry 50
6.1 New Zealand FPSO Industry, FPSO Capacity Details by Vessel 50
6.2 New Zealand FPSO Industry, FPSO Vessel Specifications 50
7 New Zealand Pipeline Sector 51
7.1 New Zealand Pipeline Sector, Key Data 51
7.2 New Zealand Pipeline Sector, An Overview 51
7.3 New Zealand Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 51
7.4 New Zealand Pipeline Sector, Natural Gas Pipelines 53
8 Profile of Royal Dutch Shell plc 55
8.1 Royal Dutch Shell plc, Key Information 55
8.2 Royal Dutch Shell plc, Company Overview 55
8.3 Royal Dutch Shell plc, Business Description 55
8.3.1 Business Overview 55
8.3.2 Corporate 56
8.3.3 Downstream 56
8.3.4 Upstream 58
8.4 Royal Dutch Shell plc, WOT Analysis 60
8.4.1 Overview 60
8.4.2 Royal Dutch Shell plc Strengths 60
8.4.3 Royal Dutch Shell plc Weaknesses 62
8.4.4 Royal Dutch Shell plc Opportunities 63
8.4.5 Royal Dutch Shell plc Threats 64
9 Profile of OMV Aktiengesellschaft 66
9.1 OMV Aktiengesellschaft, Key Information 66
9.2 OMV Aktiengesellschaft, Company Overview 66
9.3 OMV Aktiengesellschaft, Business Description 66
9.3.1 Business Overview 66
9.3.2 Exploration and Production 66
9.3.3 Gas and Power 67
9.3.4 Refining and Marketing 68
9.4 OMV Aktiengesellschaft, SWOT Analysis 70
9.4.1 Overview 70
9.4.2 OMV Aktiengesellschaft Strengths 70
9.4.3 OMV Aktiengesellschaft Weaknesses 71
9.4.4 OMV Aktiengesellschaft Opportunities 72
9.4.5 OMV Aktiengesellschaft Threats 73
10 Profile of Mitsui & Co., Ltd. 74
10.1 Mitsui & Co., Ltd., Key Information 74
10.2 Mitsui & Co., Ltd., Company Overview 74
10.3 Mitsui & Co., Ltd., Business Description 74
10.3.1 Business Overview 74
10.3.2 Chemical 75
10.3.3 Consumer Service & IT 76
10.3.4 Energy 77
10.3.5 Foods & Retail 79
10.3.6 Iron & Steel Products 80
10.3.7 Logistics & Financial Markets 82
10.3.8 Machinery & Infrastructure Projects 83
10.3.9 Mineral & Metal Resources 84
10.4 Mitsui & Co., Ltd., SWOT Analysis 85
10.4.1 Overview 85
10.4.2 Mitsui & Co., Ltd. Strengths 86
10.4.3 Mitsui & Co., Ltd. Weaknesses 87
10.4.4 Mitsui & Co., Ltd. Opportunities 87
10.4.5 Mitsui & Co., Ltd. Threats 88
11 Financial Deals Landscape 90
11.1 Detailed Deal Summary 90
11.1.1 Acquisition 90
11.1.2 Equity Offerings 91
11.1.3 Debt Offerings 93
11.1.4 Partnerships 94
11.1.5 Asset Transactions 95
12 Recent Developments 106
12.1 License Awards 106
12.1.1 Jun 01, 2010: Petrobras Wins Petroleum Exploration Permit In New Zealand 106
12.1.2 May 21, 2010: L&M Energy Secures PEP 52181 Exploration Permit In Taranaki Basin, New Zealand 106
12.2 Strategy and Business Expansion 107
12.2.1 Jun 09, 2010: L&M Energy Signs Agreement To Explore Small Scale LNG Projects In New Zealand 107
12.3 Other Significant Developments 107
12.3.1 Jun 03, 2010: AWE Updates On Tui SW-2 Well Operations 107
12.3.2 May 27, 2010: AWE Provides Tui SW-2 Well Drilling Update 108
12.3.3 May 25, 2010: Crown Minerals Contracts GNS Science To Deliver PEGI Project 108
12.3.4 May 03, 2010: Pan Pacific Petroleum Provides March 2010 Quarterly Activities Update 109
12.3.5 Apr 30, 2010: Contact Energy's Ahuroa Gas Storage Facility On Track For Operation In December 2010 110
12.3.6 Apr 14, 2010: Mosaic Oil Looks At New Opportunities In New Zealand 111
13 Appendix 114
13.1 Methodology 114
13.1.1 Coverage 115
13.1.2 Secondary Research 116
13.1.3 Primary Research 116
13.1.4 E&P Forecasts 116
13.1.5 Midstream Forecasts 118
13.1.6 Expert Panel Validation 118
13.2 Contact Us 118
13.3 About GlobalData 119
13.4 Disclaimer 119

1.1 List of Tables
Table 1: New Zealand, Historic and Forecast Production and Consumption of Natural Gas, 1996-2020 12
Table 2: New Zealand, Historic Reserves of Natural Gas, 1996-2009 14
Table 3: New Zealand, Remaining NPV, Sensitivity to Discount Rates for sample model 24
Table 4: Asia Pacific, Investment Benchmarking, Overall Country Rankings, July 2010 25
Table 5: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, July 2010 26
Table 6: Asia Pacific, Investment Benchmarking, Gas Sector Performance, July 2010 28
Table 7: Asia Pacific, Investment Benchmarking, Economic Performance, July 2010 32
Table 8: Asia Pacific, Country Standings, Economic Performance, July 2010 32
Table 9: Asia Pacific, Investment Benchmarking, Socio-Political Performance, July 2010 34
Table 10: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 34
Table 11: New Zealand, Natural Gas Key Statistics, 2009 36
Table 12: New Zealand, Total Marketed Natural Gas Production (MMcf), 2002- 2009 37
Table 13: New Zealand, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 38
Table 14: New Zealand, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 39
Table 15: New Zealand, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2002- 2009 39
Table 16: New Zealand, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2009 40
Table 17: New Zealand, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010-2015 41
Table 18: New Zealand, Active Gas Field Asset Details 42
Table 19: New Zealand, Planned Gas Field Asset Details 42
Table 20: New Zealand, Number of Gas Discoveries, 2004- 2009 43
Table 21: New Zealand, Gas Discovery Details, 2004-2009 44
Table 22: New Zealand FPSO Industry, FPSO Gas Production Capacities, 2009 50
Table 23: New Zealand FPSO Industry, FPSO Vessel Specifications, 2009 50
Table 24: New Zealand, Pipeline Key Statistics, 2009 51
Table 25: New Zealand, Natural Gas Pipeline Length by Company (Km), 2009 51
Table 26: New Zealand, Natural Gas Pipelines, 2009(Partt 1) 53
Table 27: New Zealand, Natural Gas Pipelines, 2009 (Partt 2) 54
Table 28: Royal Dutch Shell plc, Key Facts 55
Table 29: Royal Dutch Shell plc, SWOT Analysis 60
Table 30: OMV Aktiengesellschaft, Key Facts 66
Table 31: OMV Aktiengesellschaft, SWOT Analysis 70
Table 32: Mitsui & Co., Ltd., Key Facts 74
Table 33: Mitsui & Co., Ltd., SWOT Analysis 86
Table 34: L&M Petroleum Acquires L&M Coal Seam Gas 90
Table 35: Kea Petroleum Holdings Completes Initial Public Offering 91
Table 36: Austral Pacific Completes Private Placement Of $5.61 Million 92
Table 37: Contact Energy Completes Offering Of 8% Bonds Due 2014 For $281.6 Million 93
Table 38: Rawson Resources Forms Joint Venture With Kea Petroleum And Hardie Oceanic 94
Table 39: Listed Ventures Enters Into Farm-Out Agreement With Opal Energy 95
Table 40: Anadarko Petroleum To Acquire 50% Interest In PEP 38262 96
Table 41: TAG Oil Acquires 66.67% Interest In Exploration Permit PEP 38748 From Austral Pacific Energy 97
Table 42: TAG Oil Acquires Additional 69.5% Interest In Petroleum Mining Permit 38156-S And Petroleum Exploration Permit 38738-01 From Austral Pacific Energy 98
Table 43: Horizon Oil To Acquire 30% Stake In PEP 51313 From Todd Exploration 99
Table 44: New Zealand Oil & Gas Acquires 40% Interest In Permit PEP 38491 From Westech Energy 100
Table 45: New Zealand Oil & Gas To Acquire 10% Interest In Taranaki Basin Permit PEP 38401 From OMV New Zealand 101
Table 46: Comet Ridge Acquires 40% Interest In New Zealand Exploration Blocks From Macdonald Investments 102
Table 47: TAG Oil Acquires Remaining 69.5% Interest In Cheal Oil And Gas Field 103
Table 48: Kairiki Energy Sells 33.33% Stake In AMI To New Zealand Oil & Gas 104
Table 49: Horizon Oil Enters Into A Farm-In Agreement With Todd Energy 105

1.2 List of Figures
Figure 1: New Zealand, Energy Sector break-up, 2009 10
Figure 2: New Zealand, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020. 13
Figure 3: New Zealand, Natural Gas Reserves, Billion Cubic Feet, 1996-2009 15
Figure 4: New Zealand, Sample Full Field Economics, Sample Cash Flows, 1969-2030 21
Figure 5: New Zealand, Sample Full Field Economics, Government and Contractor Takes 23
Figure 6: New Zealand, Sample Full Field Economics, Post Tax Cash Flow vs. Gross Revenue 23
Figure 7: New Zealand, Sample Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates 24
Figure 8: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, July 2010 27
Figure 9: Asia Pacific, Country Standings, Gas Sector Performance by Reserves-Exploration & Production, July 2010 29
Figure 10: Asia Pacific, Country Standings, Gas Sector Performance by Production-Consumption, July 2010 30
Figure 11: Asia Pacific, Country Standings, Exploration Blocks Awarded, July 2010 31
Figure 12: Asia Pacific, Country Standings, Economic Performance, July 2010 33
Figure 13: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 35
Figure 14: New Zealand, Natural Gas Assets Map, 2009 36
Figure 15: New Zealand, Total Marketed Natural Gas Production (MMcf), 2002- 2009 37
Figure 16: New Zealand, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 38
Figure 17: New Zealand, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2002-2009 40
Figure 18: New Zealand, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009 41
Figure 19: New Zealand, Number of Gas Discoveries, 2004- 2009 43
Figure 20: New Zealand, Natural Gas Pipeline Length by Company (Km), 2009 52
Figure 21: GlobalData Methodology 115