By Gavin Evans
March 21 (Bloomberg) — Royal Dutch Shell Plc and its partners in New Zealand’s NZ$1 billion ($710 million) Pohokura gas project have produced the first fuel from the field’s offshore production facility.
Gas and light oil is flowing from the first of six wells the venture will drill off the Taranaki coast during the coming year, Shell Exploration New Zealand Ltd. said in a statement e-mailed to Bloomberg today.
Pohokura, owned by Shell, OMV AG, and Wellington-based Todd Energy Ltd., is the country’s second-largest gas field. Output started last year from three onshore wells the venture completed in September.
Full production has been delayed after storms and difficulties anchoring the offshore platform slowed progress. The venture originally planned to complete three of the offshore wells last year.
The partners should know by year-end the scope for further gas sales from the field, Shell Todd Oil Services Ltd. Chairman Gaurdie Banister said last month.
To contact the reporter on this story: Gavin Evans in Wellington, New Zealand at [email protected]
Last Updated: March 21, 2007 01:14 EDT
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