10 | Talk to us today, the feature profile experts Phone: 03 983 5500 waterfordpress.co.nz PROFILE YOUR PROJECT... to page 13 Taranaki - Todd Energy REGIONAL DEVELOPMENT from page 8 Todd focused on Taranaki In 2009, the Maari field, which Todd also held an interest in, came onstream. “More recently, Todd Energy’s focus has shifted toward the development of onshore natural gas and, as a result, sold the shares of both Maui, an offshore natural gas asset, and Maari, an offshore oil asset, in 2017 and 2018 respectively, “ Joanna says. In 2017, Todd Energy purchased Shell’s 50% share of the Kapuni field, and in 2020 acquired Vector’s Kapuni Gas Treatment Plant. Today, Todd Energy has 100% ownership and operatorship of both the Kapuni and McKee Mangahewa fields. Focus continues to be in Taranaki as a region and on New Zealand as a whole. “While we do have some exploration acreage, both on and offshore, which we are still evaluating, our focus remains on the development of our McKee Mangahewa and Kapuni onshore natural gas fields.” Looking to the future, Dr Breare says Todd Energy plans to continue developing its Taranaki assets to meet its aspiration of being the largest onshore producer of natural gas providing reliable, affordable energy to New Zealand. At a local level, Todd Energy is a key employer in the Taranaki region, employing hundreds of people, from staff members at its plants, offices or its warehouse, through to an equivalent number of contractors, many of whom are brought in for their specialist skills for specific jobs such as planned maintenance shutdowns. Todd Energy has 100% ownership and operatorship of both the Kapuni and McKee Mangahewa fields.
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