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NZ's O&G Global Rankings

The Fraser Institute Global Petroleum Survey – overview

The Fraser Institute Global petroleum survey provides an independent assessment of the relative attractiveness and unattractiveness of oil and gas locations, from feedback from exploration company executives.

Petroleum companies use the information to corroborate their own assessments and to identify localities where business conditions and regulatory environments are most attractive for investment.

In recent surveys, New Zealand ranked as one of the top countries in the world for investment in petroleum exploration.


New Zealand’s rank as a location for O&G features positively due to a range of factors: 

  • Geopolitical risk: extremely low/no risk
  • Geological database information – ready provision of data
  • Political stability 
  • Secure place 
  • Lack of regulatory duplication
  • Good legal systems and processes


What global O&G Executives say about New Zealand

 “5.7 million square kilometers of seabed available for oil and gas exploration, and in particular, has the fourth largest exclusive eocnomic zone in the world (with 15 recognized basins which are potentailly capable of producing hydrocarbons). The country also has a stable political system and transparent and open judicial system (ie excellent investment conditions) but difficult geology.

“Great fiscal terms, political stability, and free and full access to all geoscience data"

“Transparent, non-corrupt government fosters industry activity".


In the survey, O&G countries are assessed based on the following 17 factors

  • Fiscal terms
  • Taxation regime
  • Uncertainty concerning the basis for and/or anticipated changes to environmental regulations.
  • Uncertainty regarding the administration, interpretation, and enforcement of existing regulations and concern with the frequency of changes to regulations.
  • Cost of regulatory compliance—re filing permit applications, participating in hearings, etc.
  • Uncertainty over what areas can be protected as wilderness or parks, marine life pre serves, or archaeological sites.
  • Socio-economic agreement/community development conditions
  • Trade barriers.
  • Labour regulations, employment agreements, and local hiring requirements.
  • Quality of infrastructure
  • Quality of geo logical data base
  • Labour availability and skills
  • Disputed land claims.
  • Political stability.
  • Security—the physical safety of personnel and assets.
  • Regulatory duplication and inconsistencies
  • Legal system

The following composite indices are also provided:

  • All inclusive composite Index
  • Commercial environment index – assesses factors affecting cash flow and cost of doing business
  • Regulatory Climate Index
  • Geopolitical risk

The survey is conducted annually.

View 2012 results here