Unexpected slide in Pohokura gas production

Unexpected slide in Pohokura gas production
Gavin Evans
Output from the country’s biggest gas field has fallen about 15 percent the past six weeks and operator OMV is yet to establish why. The offshore Pohokura field, the subject of a series of maintenance shuts during the past two years, delivered about 172 terajoules of gas yesterday, according to Gas Industry Company data. That is down from a recent high of about 205 terajoules in mid-May. In a notice to customers and the broader industry on Friday, OMV said production rates from the field had declined faster than expected after maintenance...

More Infrastructure

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Govt commits to Christchurch road upgrade
Infrastructure

Govt commits to Christchurch road upgrade

Last year, the Government pushed the project down the queue and said no new Crown funds.

Oliver Lewis 05 Feb 2025
Govt calls for alternative ferry proposals
Infrastructure

Govt calls for alternative ferry proposals

Investors and maritime operators have until Feb 28 to submit Cook Strait proposals.

Oliver Lewis 04 Feb 2025
Ferry procuring company hasn't been set up
Infrastructure

Ferry procuring company hasn't been set up

The deadline is only two months away. 

Oliver Lewis 03 Feb 2025