Todd Petroleum Company News

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OMV Gets First Oil from Maari Growth Project
Austrian energy group OMV draws first oil from the Maari redevelopment drilling campaign in New Zealand, a project that aims to increase reserves, production and recovery from a producing offshore field.
7:00 PM EST | November 30, 2014
Drilling at Hoki-1 Further Delayed by Rig Repair
AWE has reported a further delay to the drilling of the Hoki-1 exploration well, offshore New Zealand, by the Kan Tan IV drilling rig.
8:00 PM EST | March 18, 2010
AWE Ready to Spin Bit at Hoki-1 Offshore NZ
AWE reported that the Kan Tan IV drilling rig is on location and is preparing to start drilling the Hoki-1 exploration well.
7:00 PM EST | March 04, 2010
Kapuni JV Calls for Redetermination of Field Reserves
Vector has been notified by Todd Petroleum Mining Company Limited and Shell Petroleum Mining Limited that under the Kapuni Gas Contract they require that the Original Recoverable Gas Reserves be redetermined.
7:00 PM EST | December 03, 2009
OMV Plans to Plug and Abandon Moana 1
OMV drilled the Moana 1 exploration well to total depth of 3,674 meters and found no significant shows of hydrocarbons. The well will be plugged and abandoned.
7:00 PM EST | November 20, 2007
AWE Abandons West Cape-1
AWE says that the West Cape-1 well was preparing to run wireline logs prior to plugging and abandoning the well.
8:00 PM EST | September 23, 2007
Great South Basin Oil and Gas Quest Set to Begin
The economies of Southland and Otago are to get a major boost from oil and gas exploration, as international investors prepare to spend more than a billion dollars exploring New Zealand's vast Great South Basin over the next five years.
8:00 PM EST | July 10, 2007
Conversion Started on Maari FPSO Vessel Raroa
Conversion of a large oil tanker into the FPSO vessel to service the Maari offshore Taranaki oil field for operator OMV New Zealand has begun in a Singapore shipyard.
7:00 PM EST | February 07, 2007
Shell: Production from Pohokura Flowing
Shell says gas has begun flowing at its Pohokura Project from three completed onshore wells through the production station at Motonui, near New Plymouth, New Zealand.
8:00 PM EST | August 14, 2006
Cue Energy Acquires Stake in AC/P20
Cue has acquired a 20% interest in AC/P20 in the Timor sea from Todd Petroleum Australia Limited. The effective date of the assignment is July 30, 2005.
7:00 PM EST | December 19, 2005
AWE Now Operator of Three Western Taranaki Offshore Permits
Australian Worldwide Exploration become a major player on the west of Maui oil play by increasing its interest and becoming operator in PEP 38432 and PEP 38482.
7:00 PM EST | December 18, 2005
Todd Acquires Large Permit in Southern Offshore Taranaki Bas
Todd Petroleum Mining Company has been awarded a large petroleum exploration permit in the south of the offshore Taranaki Basin.
8:00 PM EST | September 02, 2004
Pohokura to be Developed from a Single Offshore Platform
The Pohokura gas-condensate field, New Zealand's largest petroleum development since Maui, will be developed from a single offshore platform plus three onshore development wells accessing the southern portion of the field.
8:00 PM EST | July 11, 2004
Maui Gas Deal Improves New Zealand Energy Security
The Crown has reached an agreement with other parties to the Maui gas contracts that will ensure gas reserves from the Maui field are maximized, New Zealand Energy Minister Pete Hodgson said.
8:00 PM EST | June 02, 2004
New Zealand Awards 13 Exploration Permits
The New Zealand Associate Minister of Energy, Harry Duynhoven, announced the award of 13 exploration permits involving over $130 million in new investment in the Taranaki region.
7:00 PM EST | February 04, 2004
Pohokura Partners to Make Investment Decision by Mid-2004
The Pohokura joint venture partners have confirmed that a final investment decision to develop the one billion dollar gas-condensate field project would be made no later than June 2004.
8:00 PM EST | October 22, 2003
OMV Sells Stake in Pohokura Gas Field to Todd Petroleum
OMV has sold its 9.8% stake in the Pohokura gas field to its consortium partner Todd Petroleum.
8:00 PM EST | September 22, 2003
Partners to Reach Decision on Pohokura Development by 2004
The Pohokura joint venture have confirmed a final investment decision to develop the one billion dollar gas-condensate field project would be made no later than mid-2004.
8:00 PM EST | September 21, 2003
New Zealand Commission Approves Pohokura Joint Marketing
The New Zealand Commerce Commission has authorized the Pohokura partners to jointly market and sell gas from their offshore Taranaki field now under development.
8:00 PM EST | September 14, 2003
Todd to Increase Pohokura Interest to 26%
Todd Petroleum will buy an additional 9.86% interest in the Pohokura licence PEP 38459 from OMV thereby increasing its stake to 26%.
8:00 PM EST | July 17, 2003
Todd Energy Plans to Enhance Production from McKee Field
Todd Energy has received approval from New Zealand's Crown Minerals for a 22-year extension of its onshore Taranaki McKee mining license PML 38086 to 2025.
8:00 PM EST | June 17, 2003
Todd Petroleum to Spud Patea West-1 Well
Todd Petroleum is scheduled to start drilling the Patea West-1 well in offshore Taranaki permit PEP 38737 from an onshore location not far from the coast.
8:00 PM EST | June 16, 2003
Maari Field Expected to Begin Production in 2005
The Maari oil field offshore New Zealand, which was confirmed as a commercial discovery in January, is expected to begin production in late 2005 at an initial rate of 30,000 barrels of oil a day.
8:00 PM EST | June 15, 2003
New Zealand Commission Approves Joint Sales of Pohokura Gas
The New Zealand Commerce Commission has conditionally approved the Pohokura partners' application to jointly market and sell gas from the offshore Taranaki field.
8:00 PM EST | May 28, 2003
Todd to Drill First Well Without STOS
Todd Petroleum Mining is to drill its first well in almost 50 years without using Shell Todd Oil Services Ltd as operator.
8:00 PM EST | May 28, 2003
Todd Petroleum Granted Karewa Appraisal Extension
Todd Petroleum has been granted an extension to the duration of a small part of the Northland offshore PEP 38602 permit to allow for appraisal of a discovery made at Karewa-1.
8:00 PM EST | April 16, 2003