Trans-Orient to resume oil/gas operations

Trans-Orient Petroleum Ltd. is set to resume direct oil and gas operations, focusing primarily in New Zealand, Papua New Guinea, and the Timor Sea region.
Jan. 16, 2008

Offshore staff

VANCOUVER, British Columbia -- Trans-Orient Petroleum Ltd. is set to resume direct oil and gas operations, focusing primarily in New Zealand, Papua New Guinea, and the Timor Sea region.

Trans-Orient sought and was awarded permits in New Zealand for over 2.2 million acres (8,903 sq km), of which they own a 100% interest. In addition to the conventional exploration opportunities, Trans-Orient's permit areas contain fractured oil and gas shale formations that are widespread and thickly developed across the acreage, the company said.

1/16/2008

Sign up for Offshore eNewsletters

Related

Importance of FSRUs for a dynamic LNG market
Barossa project offshore Australia enters final stretch