Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in the Asia-Pacific region, is pursuing an expansion of its portfolio by submitting an exploration permit application for an area off the coast of New Zealand.
Sunda Energy has taken a significant step by applying for a new petroleum exploration permit (PEP) within the offshore area of the Taranaki Basin, located on the west coast of New Zealand’s North Island. The permit encompasses approximately 645 square kilometers, which notably includes the Awakino gas condensate field—a field first drilled back in 1985. This area is known for its rich gas potential, making it an attractive target for exploration and development.
This application is not just a standalone endeavor. It follows Sunda’s recent announcement from April 2026 regarding the conditional acquisition of Matahio Energy NZ, highlighting the company’s strategic intention to broaden its footprint in New Zealand. The focus remains on gas exploration, development, and production opportunities, both within the newly acquired permits and beyond.
The commitment program outlined in the PEP application plays a pivotal role in Sunda’s growth strategy. It includes thorough technical studies of existing well and field data and aims to reprocess 450 square kilometers of 3D seismic data within the next 36 months. This comprehensive program is designed to delineate the gas field for potential future appraisal and development, as well as assess the area’s exploration prospects.
Currently, the PEP application has been accepted by New Zealand Petroleum and Minerals (NZPAM), entering it into an open market competitive process. This stage involves a three-month period during which competing offers are invited. After this period, the government agency responsible for regulating the exploration and development of the country’s Crown-owned mineral and petroleum resources will evaluate the application along with any competing offers before making a final decision on the permit award.
Dr. Andy Butler, Sunda’s CEO, emphasized the significance of this application, stating, “Sunda’s application for an exploration permit covering the existing nearshore Awakino gas discovery further demonstrates our intent to grow a meaningful business in New Zealand in tandem with the previously announced conditional acquisition of the Matahio NZ production business.” This statement underscores the company’s commitment to contributing to the domestic gas supply and energy security of New Zealand.
Moreover, Butler’s remarks allude to a larger narrative around energy policy in New Zealand. As governments worldwide shift focus towards energy security and sustainability, Sunda’s initiatives align well with the prevailing policies that advocate for domestic gas supply. The company’s actions echo a broader commitment to not only explore potential gas resources but to actively contribute to the region’s energy landscape.
As Sunda Energy continues to navigate this complex landscape, further announcements regarding their initiatives in New Zealand are anticipated. The developments are expected to provide greater insights into the company’s strategic positioning within the dynamic energy market of the Asia-Pacific region.