Todd Energy Company News

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Cue Updates on Drilling at Te Kiri North-1 Well in NZ's Taranaki Basin
Cue Energy updates on drilling at the onshore Te Kiri North-1 well in permit PEP 51149 in New Zealand's Taranaki Basin.
7:00 PM EST | January 19, 2016
Te Kiri North-1 Well Onshore NZ Spuds
Cue Energy Resources Limited announces that the Te Kiri North-1 well, located onshore New Zealand within permit PEP 51149, was spud Dec 16.
7:00 PM EST | December 16, 2015
Ensco 107 Prepares to Demobilize from Maari Field Offshore New Zealand
Horizon Oil says the Ensco 107 jackup will demobilize from the Maari field offshore New Zealand after successfully drilling and completing the MR10 production well.
8:00 PM EST | July 06, 2015
OMV Successfully Completes Maari Redevelopment Project Off New Zealand
OMV successfully completes Maari redevelopment project offshore New Zealand.
8:00 PM EST | July 01, 2015
OMV Commences First Oil from MR7A Development Well in NZ's Maari Field
OMV commences production from the MR7A development well in the Maari oil field offshore Taranaki in New Zealand.
8:00 PM EST | May 24, 2015
OMV Completes Drilling at Whio-1 Well in NZ's PEP 51313, No Commercial Find
OMV New Zealand completes drilling operations at Whio-1 exploration well in permit PEP 51313 in the Taranaki Basin, offshore New Zealand without making a commercial discovery.
8:00 PM EST | August 25, 2014
Todd Energy, ExxonMobil JV Pulls Out of Great South Basin Permit
A Todd Energy and ExxonMobil joint venture has surrendered its interest in permit PEP 50117 in the Great South Basin on New Zealand's South Island.
8:00 PM EST | October 10, 2010
Hydraulic Workover Unit Mobilizes on Maui A
A second multi million dollar workover program has begun on the Maui A platform on the offshore Maui gas and condensate field and will continue throughout 2010.
8:00 PM EST | April 19, 2010
Kan Tan IV's Arrival in Taranaki Pushed Back to Late Feb
The Kan Tan IV, which AWE is mobilizing to New Zealand for a multi-well drilling campaign, has been delayed in Bass Strait and is now expected to arrive in Taranaki in late February.
7:00 PM EST | February 10, 2010
Maari Books 100MM Barrels with Additional Wells
The Maari oil field and its adjacent Manaia field offshore New Zealand contain more than 100 million barrels of recoverable oil, twice as much as originally estimated for the main Moki sands reservoir.
7:00 PM EST | November 03, 2009
Cue Expands Interests Offshore New Zealand
Cue has farmed-in to two new exploration permits in New Zealand. The acquisition of interests in these permits will build on Cue's interests in the successful Maari and Manaia oil fields.
8:00 PM EST | October 19, 2009
Todd Wins Large Offshore Permit Near Maari
Todd Exploration has been awarded a new 100% owned offshore exploration permit, PEP 51313, located to the west and south of the Maari oil field in offshore south Taranaki Basin.
8:00 PM EST | September 28, 2009
Todd Drilling 3 Mangahewa Gas Wells in $100MM Campaign
The Mangahewa wells are part of a major oil and gas drilling program by Todd Energy over the next few months both onshore and offshore. The drilling program will cost in excess of $100 million, Todd Energy says.
8:00 PM EST | September 28, 2009
Cue Reports on Manaia Well Suspension, Maari Production Well
The Manaia well has been temporarily suspended and drilling of the M2A production well on the Maari Field has commenced.
8:00 PM EST | September 10, 2009
Shell Invests to Make Most of Maui's Late Field Life
Production from the Maui gas field may end in five to 10 years, Rob Jager country chair of Shell New Zealand said. In the meantime, Shell remains "committed to making the most of late field life opportunities for Maui."
8:00 PM EST | September 03, 2009
Cue Reports on Drilling Operations at Manaia-1 Appraisal
Cue advised that since the last report the Manaia appraisal well has drilled to a depth of 4633m in 12-1/4" hole. A drillpipe is being run back into the hole in preparation to continue drilling ahead.
8:00 PM EST | August 27, 2009
Cue Confirms Appraisal Drilling at Manaia-1 Offshore New Zealand
Cue confirmed that the Manaia-1 appraisal well began drilling on August 1, 2009. The well is being drilled following successful completion of the Maari development drilling program.
8:00 PM EST | August 03, 2009
Maari Partners Exploit Additional Oil-Bearing Zone to Enhance Field
The Maari oil field partners are to go ahead with exploitation of a second oil-bearing zone, which could provide additional production and possible increased recoverable volumes from Maari as a result of field life extension.
8:00 PM EST | July 30, 2009
Maari JV to Spud M2A Production Well
Cue announced that the Maari Joint Venture has approved drilling of the M2A production well, which will be spud in late September 2009.
8:00 PM EST | July 09, 2009
AWE Plans Drilling Program Offshore Taranaki for October
Australian Worldwide Exploration is doing advanced planning for a four to five well drilling campaign in the offshore Taranaki Basin which is due to start in October this year.
8:00 PM EST | May 18, 2009
Maari Oil Field Pumps First 900,000 Barrels
The latest Taranaki offshore oil field at Maari has pumped in excess of 900,000 barrels of oil soon after the start-up of the third of its planned five oil wells.
8:00 PM EST | May 18, 2009
Maari JV Approves Drilling Manaia-1 Appraisal Well Offshore New Zealand
The Maari Joint venture has approved drilling of the Manaia-1 appraisal well. The well is currently scheduled to commence drilling in mid August 2009, at the end of the Maari development drilling program.
8:00 PM EST | May 18, 2009
Origin Energy to Drill 2 Gas Prospects Off Auckland in Late '09
Origin Energy, which is operator of an enlarged Northland Basin exploration permit, plans to drill two wells offshore to the south west of Auckland towards the end of 2009.
8:00 PM EST | March 09, 2009
New Zealand's Maari Field Flows First Oil
New Zealand's largest oil field has passed a significant milestone with the commencement of oil production.
7:00 PM EST | February 24, 2009
Ensco 107 Gears Up at Maari Oilfield, First Oil Expected in February
Initial drilling of the Maari oil field production wells by the Ensco 107 jack-up drill rig has made good progress in the second half of November.
7:00 PM EST | November 30, 2008
Horizon Increases Stake in Taranaki Permit Offshore New Zealand
Horizon Oil has acquired a 25% interest in Petroleum Exploration Permit 38494 in the southern Taranaki Basin, offshore New Zealand, by way of a farm-in agreement with Todd Energy.
8:00 PM EST | September 29, 2008
Shell Completes Pohokura Field Development Offshore New Zealand
New Zealand's biggest natural gas and condensate field Pohokura just offshore from New Plymouth has been completed. The $1 billion Pohokura project has developed a field with estimated reserves of 884 PF of natural gas and 44 mmbbls of condensate.
8:00 PM EST | June 05, 2008
Todd Makes Substantial Gas Discovery at Mangahewa
A substantial discovery of natural gas has been made at the Mangahewa gas condensate field in onshore Taranaki during new appraisal operations by Todd Energy.
7:00 PM EST | December 18, 2007
Maui Partners Prove Up Extra Reserves
The Maui gas field in offshore Taranaki has proved up a further 60.8 petajoules (or 58 billion cubic feet) of gas to firm contracted commitments to downstream gas buyers, the New Zealand Crown Minerals agency reported.
8:00 PM EST | May 29, 2007
AWE Plans Extra Well, Permits in Taranaki
AWE plans to increase its strong involvement in offshore Taranaki oil exploration by drilling an additional exploration well, Kopuwai-1, while adding two new permits to its extensive acreage.
8:00 PM EST | May 15, 2007
First Offshore Gas Flows from Pohokura
The joint venture owners of the Pohokura gas field development say a major milestone has been achieved with offshore "first gas" flowing from the Pohokura field in Taranaki.
8:00 PM EST | March 20, 2007
Commerce Commission Declines Request for Cease and Desist Order
The Commerce Commission has advised Todd Energy that it has undertaken a preliminary assessment of the request and while its full assessment is not complete, the Commission has decided not to seek a cease and desist order at this time.
7:00 PM EST | December 04, 2006
Vector Advised of Todd's Cease-and-Desist Request
Vector Limited said that it has been advised that Todd Energy has approached the Commerce Commission of New Zealand with a request that it grant a cease and desist order in relation to contractual concerns about sales of Maui ROFR gas.
7:00 PM EST | November 26, 2006
Todd to Spud Two Offshore Wells in 2007
Todd Energy is planning late next year to drill two offshore wells— a new Moki sands oil prospect potentially containing 100 million barrels in the south Taranaki Basin and a well in the Karewa gas prospect in north Taranaki waters.
7:00 PM EST | October 30, 2006
Todd Plans Te Kiri-2 Well in Onshore West Taranaki Permit
Todd Energy is planning to drill an onshore well, Te Kiri-2, in its PEP 38749 permit west of Mt. Taranaki, according to New Zealand’s Crown Minerals agency.
8:00 PM EST | July 12, 2006
Horizon: Maari Might Yield an Extra 10 Mln Barrels
Horizon Oil, a 10% interest partner in the 49-million barrel Maari oil field soon to be developed, says that the offshore Taranaki project has the potential to yield an additional 10 million barrels of oil, according to the New Zealand Government.
8:00 PM EST | June 20, 2006
Could the Maui Field Have an Extended Life?
The Maui field, which has been the backbone of New Zealand's oil and gas supply, may now have an extended life beyond 2009, according to New Zealand Crown Minerals.
7:00 PM EST | March 22, 2006
Todd Energy Plugs Terrace-1 Well
The Terrace-1 well drilled by Todd Energy is being plugged and abandoned due to lack of a commercially viable hydrocarbon accumulation, exploration manager Ken Hoolihan said.
7:00 PM EST | November 08, 2005
Todd's Terrace-1 Targets Kapuni Sands 2 km Offshore Near Pohokura
Todd Energy's 100% owned and operated Terrace-1 well is making good progress from its onshore pad to a target over 2 km offshore and west of the Pohokura gas-condensate field.
8:00 PM EST | October 09, 2005
New Era of Open Access to the Maui Pipeline
On October 1, 2005 an open access pipeline regime for the Maui pipeline came into effect, allowing all parties to ship gas through the pipeline.
8:00 PM EST | October 09, 2005