Greymouth Petroleum

Description

Established in 2000, Greymouth Petroleum is one of the few fully integrated New Zealand owned and operated oil and gas production and exploration companies in New Zealand.

Greymouth holds a significant suite of oil and gas development and exploration properties in New Zealand (the Taranaki Basin and Great South Basins).

In New Zealand, Greymouth (and its operating company affiliates, Bridge Petroleum and Petrochem) engages in the production of, development of, and exploration for, oil and gas reserves.

The Greymouth Group ranks second amongst New Zealand owned, privately held petroleum production companies when measured in barrels of oil equivalent produced per day; and in the top four amongst New Zealand and foreign-owned oil production companies with New Zealand oil and gas production.

Greymouth Group companies also offer wholesale natural gas and electricity to commercial end users.

In November 2007 Greymouth, through its wholly owned Chilean operating unit PetroMagallanes, was awarded rights to explore, exploit and produce petroleum in four permits covering an area of 9,000 sq km in, and adjacent to, the Straits of Magellan in Chile.

PetroMagallanes is the second largest permit holder by area in Chile (after the Chilean State).

Email admin@greymouthpetroleum.co.nz