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New Zealand

With generous fiscal terms and an established oil & gas industry, New Zealand is an attractive country for oil & gas exploration. Currently, all production in New Zealand is from the Taranaki Basin located near the west coast of the North Island where commercial gas was discovered in 1959.

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Romania has been a leading oil and gas producer in Eastern Europe for over 150 years. Today, Romania remains the largest producer of oil and gas in Central and Eastern Europe, with production of approximately 87,000 bpd of liquids and 1 bcfpd of gas. Romania holds a number of onshore and offshore petroleum basins which are considered under-explored. In particular, the industry is targeting significant potential in the offshore Black Sea area and deeper untested plays onshore.

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