The Taranaki Basin is an onshore-offshore Cretaceous rift basin on the West Coast of New Zealand. Development of rifting was the result of extensional stresses during the breakup of Gondwanaland. The basin later underwent fore-arc and intra-arc basin development, due to the subduction of the Pacific Plate under the Australian Plate at the Hikurangi Subduction System. The basin covers approximately 100,000 km2 of which the majority is offshore. The basin contains mostly marine sediment, with significant terrestrial sediment from the Late Cretaceous to the Eocene. The majority of New Zealand's oil and gas production occurs within the basin, with over 400 wells and approximately 20 oil and gas fields being drilled.