Shell sells Kapuni field to Todd, takes over oil services operation

Wed, 05 Apr 2017

By Pattrick Smellie April 6 (BusinessDesk) - Shell New Zealand has taken the first concrete steps in its effort to divest its New Zealand upstream assets, selling the 60-year-old Kapuni onshore oil and gas field to its joint venture partner in the field, locally owned Todd Energy. At the same time, Todd will relinquish its 50 percent interest in Shell Todd Oil Services, the umbrella company under which the two companies have managed oil and gas brought ashore from the Maui and Pohokura fields, offshore Taranaki. Shell and Todd have be...

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