The monetary value of natural gas condensate: a New Zealand perspective

摘要

I have recently been examining the published condensate yields of a number of gas fields, in particular in Kazakhstan and in the North Sea. In this article 1 wish to perform a similar analysis for a source of natural gas in New Zealand. I go on to argue that the same analytical results in numerical terms for a gas field, say in the US, would be viewed and acted upon differently there from in New Zealand. My choice of 'source of natural gas in New Zealand' is the Cardiff-3 well in Taranaki, recently spudded in and therefore not yet producing. Resources there are quoted as 160 billion cubic feet of natural gas and 5.49 million barrels of condensate.2 The operator is TAG Oil and, spudding having been completed, the drill tube of a narrower diameter than that close to the surface is being installed. The accompanying illustration shows the drill tube at Cardiff-3 awaiting well installation.