Government Investment in Geoscience Data and Knowledge

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Government Investment in Geoscience Data and Knowledge Government Investment in Geoscience Data and Knowledge Malcolm Flowers New Zealand Petroleum & Minerals Ministry of Business Innovation & Employment Government Investment in Geoscience Data and Knowledge • Introduction and context • Some history – Investment to date • Drivers of change • Current and Future focus • Petroleum Data Pack 2014 • Open Data Introduction and context • Isolated land mass • Large EEZ and ECS • Under-explorered • Production only occurs in one basin • 4th largest export Introduction and context Investment Pre-commercial Increase in geoscience Increased perceived exploration prospectivity interest Knowledge Investment & Acreage Release Process Dividend Faster Competitive Higher exploration work royalty NPV and programme discovery bidding Some history – Investment to date Seismic Data Acquisition Programme established 2005 • Initial driver decline in production from the existing Maui and Kapuni gas fields • Focus has remained on increasing the prospectivity of New Zealand in order to encourage oil and gas exploration • Acquired, processed and analysed seismic data in frontier petroleum basins – mainly 2D – and made it freely available • $47 million allocated over the period 2005 - 2014 Some history – Investment to date… Date Activity 2004 Deepwater Taranaki 2005 Northland 2005 East Coast 2006 Great South Basin 2007 Raukumara 2007 Offshore Northland 2008 Raukumara 2009 Reinga 2008 Challenger Plateau/ Bellona Trough 2009-2010 Pegasus Basin, GSB, Bounty Trough, Chatham rise to Bounty Area and Sakhe 2009 Seep studies, Challenger, Reinga, Pegasus, North Slope 2004-2007 Geological Studies / Seismic interpretation 2010-2012 PEGI 2010 Hunt Petroleum Data reprocessed Some history – Investment to date… 2005-2006 2006-2007 Some history – Investment to date… The success of the Block Offer programme varied but overall approximately one third of blocks offered where awarded between 2005 and 2011. Drivers of change 2009 Government launched the Petroleum Action Plan “Maximising Gains from New Zealand’s Petroleum Resources” • Included review of the legislative framework • Review of agency capability – formation of NZP&M Legislative review seeks improved coordination and performance across the entire system Allocation review seeks more diversity, more certainty, closer alignment with other jurisdictions Drivers of change… 2012 Annual Block Offer becomes primary means of allocation Range of investment opportunities in basins of contrasting risk • Producing to frontier • Onshore and offshore • Conventional and unconventional Drivers of change… Drivers of change… Activate the multi-client speculative survey market • Confidentiality period for data acquired under a non-exclusive Petroleum Prospecting Permit extended from 5 to 15 years Current and Future focus Shift in emphasis for government to the activation of multi- client interest and attraction of new ventures in a globally competitive market place Govt focus After Magoon & Dow (1994), Demaison & Huizinga (1994) and Allen & Allen (2005) National scale systems Resource Delineation Allocation-Consultation Promotion-Regulation Current and Future focus… Basin Top - Evidence of an Active Petroleum System Petroleum Data Pack 2014 Annual Petroleum Data Pack • Focus on play types, consistency, coverage, completeness, quality at National and basin scales • Compiled for end user - evidence based design prioritisation • Incremental improvement year on year Please rate the usefulness of the data pack content 100% 90% 80% 70% Did not use 60% 50% 40% Not useful 30% 20% 10% Undecided 0% Very useful/Useful Petroleum Data Pack 2014 Order your 2014 New Zealand Petroleum Exploration Data Pack HERE Supported by data from other channels NZP&M: • Online Exploration Database • National Core Store • Online Web Maps and Permit Search • GIS Web Map and Feature Services (WFS/WMS) GNS Petroleum Basin Explorer Geodata.govt.nz Open Data Open access to data – structured data via web services Spatial Data Infrastructure – spatial web services • Public services – available now • Secure services for cross agency coordination Continual improvement of quality - standards • Consultation on digital reporting guidelines 2014 • Digital production data reporting and publication .
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