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Shell, Todd To Battle In Court Over Gas Field

Dow Jones Newswires: Shell, Todd To Battle In Court Over Gas Field

“WELLINGTON (Dow Jones)–Energy heavyweight Royal Dutch Shell Group’s (RD) New Zealand unit, and privately owned Todd Petroleum Mining are set to square off in court next week over who operates the Pohokura gas field…”:

Friday September 30, 2005

WELLINGTON (Dow Jones)–Energy heavyweight Royal Dutch Shell Group’s (RD) New Zealand unit, and privately owned Todd Petroleum Mining are set to square off in court next week over who operates the Pohokura gas field, the Dominion Post reported Friday.

The present operator is Shell Todd Oil Services, STOS, a joint venture owned by Shell and Todd. But Shell wants to supplant STOS and is supported by Austrian explorer OMV AG. (OMV.VI).

Shell, Todd and OMV are partners in the new gas field, expected to yield about 700 petajoules of gas over 20 years.

Newspaper Web site: http://www.stuff.co.nz

Wellington Bureau, Dow Jones Newswires; 64-4-471-5990; [email protected]

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