MESOZOIC EVOLUTION OF THE GREATER TARANAKI BASIN AND IMPLICATIONS FOR PETROLEUM PROSPECTIVITY

Abstract

A paradigm of New Zealand petroleum geology was that the oldest source rocks known in the region were of Cretaceous age, so any older sedimentary rocks were considered to be economic basement. Two major projects have revealed that this is not universally the case and that a Jurassic petroleum system should now be considered.Firstly, the Astrolabe 2D speculative survey, acquired by TGS-NOPEC in 2001, has revealed that a significant section underlies the traditional Cretaceous petroleum systems. Secondly, the Wakanui–1 well, drilled by Conoco, Inpex and Todd in 1999, which has recently become open-file, penetrated a Mid-Jurassic coal measure sequence.Jurassic rocks, including coal measure units, are known onshore in New Zealand, They are part of the Murihiku Supergroup, one of the basement terranes comprising the Permian to Cretaceous volcanic arc that forms the basement rocks of the present New Zealand landmass. Wherever they have been seen in outcrop, these rocks generally record low grade metamorphism and have been discounted as petroleum source rocks. Where rocks of the same age were deposited distal to the volcanic arc (and the effects of heat and pressure), however, they may form components of an effective petroleum system.The New Caledonia Basin, extending more than 2,000 km from Taranaki to New Caledonia, may have been the site of a Mesozoic back-arc basin. Jurassic coal measure successions and their equivalent marine units may be locally, or regionally important as source rocks. Implications of a Jurassic petroleum system for prospectivity of the region are investigated.