MET2 ex­pan­sion shows con­fi­dence

DEMM Engineering & Manufacturing - - NEWS - By Neil Ritchie

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.

See: www.en­er­gys­tream.co.nz

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.