Photo: Supplied The power company, which is 51 percent owned by the government, announced early this year it was weighing up its ownership in the field, as well as opportunities for further development, including drilling and further exploration. "Kupe remains a high-quality gas asset and will continue to play a key role in New Zealand's transition to a lower carbon future," the company said in a brief announcement to the market. The review considered a number of areas, including the returns and risks of a potential drilling programme, the optimal capital structure for Genesis and whether there are better capital investment opportunities.