Abstract
Of the 5 largest basins, with over 20,000 km and 4 km plus of sediments, only one (Taranaki) has seen more than reconnaissance exploration. The other basins have barely been scratched, with results that in all cases remain inconclusive. There is a wide potential still untested in New Zealand.
Two examples are presented:
The Wanganui Basin, where the older part of the sequence has never been drilled. Wells were located on buried hills with older sediments onlapping along flanks. There are extensive updip wedgeouts and potential for structural-stratigraphic trap combinations. Aspects of source rock and flushing, while initially thought of as downgrading prospects, may look more favourable upon proper evaluation. East Coast Basin. With very thick. Cretaceous-Tertiary sediments, multiple deformation, local unconformities and facies changes, this is one of the more exiting basins, measuring 40,000-50,000 km2 on and offshore. Oil and gas generation is widespread, source rocks being of Paleocene and Cretaceous age. Potential reservoirs are Cretaceous and Miocene sandstones and Oligocene and Pliocene limestones, the latter of excellent qualities. Lower Tertiary, undercompacted and gas-charged mudstones may be an additional target for gas production. Shale diapirism has contributed widely to structural trap formation. Since 1960, only 14 wells have been drilled, of which I offshore. This amounts to 0.3 wells per 1,000 km2, or 0.6 m/km2.
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