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Shell finalises the sale of Kapuni to Todd

1/08/2017

All approvals have been obtained and all necessary operational handover activities have been completed, to enable Todd Energy to take over operations of the Kapuni gas field in south Taranaki. This finalises the sale of Shell’s share (50%) of the Kapuni onshore gas field to New Zealand company, Todd Energy. Todd Energy is now the 100% owner and operator of the Kapuni field the oldest natural gas field in New Zealand.

Shell sells its share in Kapuni to Todd Energy

6/04/2017

Shell advises it has entered into a sale and purchase agreement (SPA) for the sale of Shell’s interests in the Kapuni assets to Todd Energy, a New Zealand company that has been in the Kapuni Joint Venture since the venture’s formation in 1955.

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Shell has been safely operating in New Zealand for over 100 years. In August 2017 Shell Taranaki Limited took over operatorship of the Māui, Pohokura natural gas assets and Tank farms. It’s share of Kapuni was sold to Todd Energy who now operate the Kapuni field.