Gas ‘critical fuel’ as new well confirmed at Kupe
Vital role for gas to 2030 drives ‘difficult decision’ for Genesis.
The Kupe production facility in Taranaki, where gas comes ashore from the unmanned offshore field.
A decision by Genesis Energy to greenlight investment in a new production well at its part-owned Kupe gas field was the focus of questions for analysts on a half-year results conference call this morning.
Genesis owns 46% of the offshore Taranaki field – the rest is owned by operator Beach Energy
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