MET2 expansion shows confidence
Economic Development Minister Steven Joyce officially opened the $120m Mangahewa Expansion Train Two project – Todd Energy s latest initiative in its development of the country’s most strategic onshore gas resource.
Todd Energy chief executive Paul Moore says MET2 more than doubled the amount of gas able to be processed from Mangahewa and the nearby McKee field, from 20 petajoules per annum to 45PJ.
Even though MET2 was a state-ofthe-art processing facility – involving world leaders in transportable modular assembly work, Propak Systems of Calgary, which fabricated the main processing units – overall New Zealand content was still about $75m (or 66 per cent).
Propak’s design was then adapted for the field’s gas composition and New Zealand electrical and seismic standards.
Some of the Kiwi companies involved were WorleyParsons, Fitzroy Engineering Group, and Whangarei’s Culham Engineering. Others were Tenix, Energyworks and Taranaki Engineering.
MET2 is part of an $ 840m project Todd Energy committed to in January 2012 to develop Mangahewa and ensure a gas supply to methanol manufacturer Methanex New Zealand.
Methanex NZ produced a total of 500,000 tonnes of methanol for the March 2014 quarter, with its total 2013 methanol being the highest in 11 years.
MET2 delivered its first gas within budget and slightly ahead of schedule about 18 months after the decision to proceed with the investment in October 2012.
Moore also said the success of MET2 reflected the Todd’s geoscience expertise in understanding how to tap the field, the decision to invest in the new quality “Big Ben” drilling rig and crew, and the execution of the plant construction phase.