8 | Todd Energy - excellence all the way Richard Loader Taranaki - Todd Energy REGIONAL DEVELOPMENT “Out of adversity, whatever it may be, our people inside Todd come up with great ideas — we’ve employed some fantastic people — and we really do aspire to our mantra of ‘Excellence in Energy’.” Joanna Breare As Todd Energy’s CEO Dr Joanna Breare prepares to leave the role she has held since 2014 she reflects that one of the things she is most proud of within the company is that it employs positive people with a can-do attitude. “Our people see a problem and they don’t create another one, they always look for solutions. Out of adversity, whatever it may be, our people inside Todd come up with great ideas — we’ve employed some fantastic people — and we really do aspire to our mantra of ‘Excellence in Energy’.” Joanna says that in her time as CEO one of the biggest things that impacted the energy industry was the price of oil that went from over $100 a barrel in 2014 to $65 a barrel today — hitting a low in 2020 of around $11 a barrel. “As an organisation Todd Energy has worked its way through that challenge and we’ve still managed to expand our business, employ many new local people, and deliver on our aspiration of being the largest onshore producer of natural gas providing reliable, affordable energy to New Zealand.” Todd Energy is the operator responsible for the production of natural gas that it sells to Nova Energy, part of the wider Todd Corporation business. Nova Energy then either on-sells that gas to local or national buyers, or makes use of it themselves to supply electricity through their two Taranaki based peaker plants. The peaker plants Nova Energy operates are important for ensuring New Zealand has an affordable and reliable electricity supply as the country moves toward a low emissions economy. “In fact, as the country works to build up our renewable electricity base, peaker plants remain really important for supplying electricity on days when the hydro lakes are low, the wind isn’t blowing, the sun isn’t shining, and the rain hasn’t fallen, or the snow hasn’t melted,” Joanna says. Todd Energy’s roots go back to the 1950s when it formed a Joint Venture (JV) with Shell and BP, together discovering the Kapuni natural gas field in south Taranaki. Around the same time, Todd Energy was involved in the discovery of the offshore natural gas field, Maui, which was developed over a ten-year period. In the late 1980s, BP moved out of the New Zealand market and Shell Todd Oil Services (STOS) was formed, operating on behalf of Shell and Todd. In 2002, Todd Energy purchased the McKee Mangahewa field in north Taranaki from Shell, with STOS remaining the operator of the field for a further four years. In 2006, Todd assumed 100% ownership and operatorship of the McKee Mangahewa fields and in the same year, the Pohokura discovery came into production, with Todd Energy part of the group which was involved in its development. to page 10 Industries & Environmental Services: • Well Testing Services • Reservoir Services • Plant & Terminal Operations • Laboratory Services • Meter Calibrations • Valve Engineering • Regulatory Services • Non Destructive Testing & Materials Services • ECL - Automation & System Integrators
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