Shell and Todd in dispute over oil field work programme

Fri, 03 Aug 2012

By Pattrick Smellie Aug. 3 (BusinessDesk) - The joint owners of some of New Zealand's largest oil and gas fields, Shell New Zealand and Todd Energy, are in dispute over non-payment for services provided for work on the Maui, Pohokura, and Kapuni fields. Companies Office records show Shell Todd Oil Services (STOS), a shell company that sits atop the long-standing partnership, was carrying a contingent liability at Dec. 31 for an unresolved dispute relating to work programmes and budgets for all three fields. The notes say these have "not been...

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