NZEC advances design for Tariki gas storage, aiming for year-end launch to ease supply strain.Drilling at Tariki-5A confirmed storage viability, with the well starting production late last year.Tariki-5A hit target sands 11m higher than previous wells, revealing significant gas and condensate with 55m of quality net sand.
NZEC is updating reserves and forecasts for Tariki, which could store 25–40 Bscf from its 50 Bscf output.Tariki-5A flowed over 4 MMscfd but stabilized at 1 MMscfd, with 25–30 barrels/day of condensate.
The storage project has three stages. Stage 1 aims for injection of 10–15 MMscfd and extraction of ~30 MMscfd.NZEC says most Stage 1 infrastructure is ready, except for final wellsite compression, which may use a modified mobile unit from Waihapa Station.
To meet rising gas demand, Stage 1 injection is targeted for Q4 2025.With Tariki-5A work done, NZEC is restoring oil output from Waihapa 6A and H1 wells, aiming for production this month.NZEC and L&M Energy each hold 50% of the Tariki JV.
