New Zealand Oil & Gas Ltd. engages in the production and exploration of crude oil, natural gas, liquefied petroleum gas, and light oil. It operates through the following business segments: Kupe oil and gas field, Oil and gas exploration and Cue. The Kupe oil and gas field segment engages in the development, production and sale of natural gas, liquefied petroleum gas (LPG) and condensate (light oil) in the petroleum mining. The Oil & gas exploration segment explores and evaluates hydrocarbons in the offshore Taranaki basin and offshore Canterbury basin in New Zealand as well as in Australia and Indonesia. The Cue segment is an acquired company by the firm. The company was founded by Antony Roy Radford on June 12, 1981 and is headquartered in Te Aro, New Zealand.