Todd Energy doubles capacity
Economic Development Minister Steven Joyce officially opened Todd Energy's $120 million Mangahewa Expansion Train 2 (MET2) yesterday.
The new gas production facility, near Tikorangi, about 20 kilometres northeast of New Plymouth, will more than double Todd Energy's raw gas processing capacity from 20 to 45 petajoules a year.
A 10-year agreement struck in January 2012 meant Todd Energy could build the facility that would allow it to supply Methanex with gas, in turn allowing the Canadian methanol producer to restart the second manufacturing plant at its Motunui facility.
Joyce said it was great to see Todd was willing to make a significant investment in a project in Taranaki and the facility indicated the company was a "long-term player" in the region's energy industry.
He said investments such as the project were vital for the economy.
The MET2 and its associated infrastructure are part of Todd's $840m investment in the project.
Todd Energy chief executive Paul Moore said much of the facility was fabricated by Propak Systems in Calgary, Canada, and installed by Worley Parsons.
Work on MET2 over the two year construction period was also done by Fitzroy Engineering, Energy Works, Taranaki Engineering, Tenix and Whangarei company Culham Engineering.
The facility and associated areas will have an average daily staff of 80.
The development is going to see the drilling and hook-up of 27 wells in the Mangahewa permit area and the construction of a 9km corridor of pipelines connecting wellsites to the production station and on to the Maui gas pipeline.
Currently eight well sites have been drilled while drilling is underway on a futher four.