- Operating principles
- Len Lye Centre opens
- Todd Energy wins TRC environmental award
- Todd announces new Vice President NZ Upstream Energy
- Todd Energy Canada investment
- Gas project firing up
- Worker died of natural causes
- Sudden death at rig site
- Todd aiming for full Mangahewa capacity by October
- Todd Energy opens new gas production facility
- New super quiet auto drilling rig arrives at port
- New rig purpose built for Taranaki operations
- Scramble for places in oil-drilling course
- News archive 2013
- News archive 2012
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Dr Joanna Breare will join the Todd Corporation as Vice President New Zealand Upstream Energy...
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Todd Energy opens new gas production facility
Todd Energy’s new Mangahewa Expansion Train 2 (MET2) was officially opened today by the Minister for Economic Development, the Hon Steven Joyce.
The new gas production facility, located at the McKee & Mangahewa Production Station near Tikorangi, North Taranaki, will increase Todd Energy’s raw gas processing capacity from 20 petajoules per annum to 45 petajoules.
The new MET2 facility forms part of the Mangahewa Expansion Project, an $840 million development which also involves the drilling and hook-up of 27 wells in the Mangahewa permit area, and the construction of a nine kilometre corridor of pipelines connecting the wellsites to the production station and on to the Maui gas pipeline.
Todd Energy Chief Executive Officer Paul Moore said the opening of MET2 was a significant milestone for the Company and an expression of confidence in the future of Taranaki gas.
“The project is another example of the significant economic benefits that Taranaki and ultimately all of New Zealand gain from the oil and gas sector,” Mr Moore said.
“As the expansion activity continues over coming years it will continue to create significant employment, GDP, royalties and tax benefits.”
Mr Moore said MET2 was completed within cost and schedule targets and without a lost time injury, which demonstrated the Company’s commitment to best practice.
He commended the Todd Energy project team for delivering the project safely and on time, thanked the many companies and contractors who provided equipment and professional services, and acknowledged the Tikorangi community for its support and understanding.