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Yahoo! News: NZ PRESS: Shell, Todd Energy Dismiss New Maui Well Talk

Monday March 6, 2006, 9:05 am
DJ NZ PRESS: Shell, Todd Energy Dismiss New Maui Well Talk
WELLINGTON (Dow Jones)–The New Zealand unit of Royal Dutch Shell Plc (RDSA) and privately owned Todd Energy are dismissing speculation they may get 20 years of gas from further drilling of the Maui oil and gas field, the Dominion Post newspaper reported on its Web site Monday.
The newspaper said two appraisal wells are being drilled from the existing Maui A platform off the west coast of New Zealand's North Island.
There has been speculation that a big quantity of gas may be produced from the wells, the newspaper said, but a Shell New Zealand spokeswoman said talk of 20 years of gas isn't correct.
The newspaper also quoted Todd Energy Chief Executive Richard Tweedie as saying it is definitely not the case that the wells will have a life of 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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