Monumental Energy Corp. has identified two gas-condensate prospects within its pending Tirua Petroleum Exploration Permit application in New Zealand’s Taranaki basin following reinterpretation of subsurface data from the acreage. The company applied for PEP 61554 in early 2026, covering a 254-sq-km area spanning onshore and offshore acreage in the northern Taranaki basin. The application remains […]
Monumental Energy Corp.‘s application for petroleum exploration acreage in New Zealand’s Taranaki basin has advanced to government review after a three-month competing-application period closed without any competing bids. The application for petroleum exploration permit PEP61554 covers approximately 245 km² of prospective onshore and offshore acreage in the northern Taranaki basin. Monumental submitted the application in May 2026 alongside private […]
Monumental Energy Corp said Monday commercial production has resumed at the Waihapa H1 well in the Taranaki basin onshore New Zealand.