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NEW ZEALAND

Todd gives the nod to Taranaki project

TODD Energy has approved a substantial expansion of its onshore Taranaki McKee-Mangahewa production station to treat the additional gas production associated with the Mangahewa expansion project at a cost of more than $NZ100 million ($A79.3 million).

Work began at the inland north Taranaki site last month following a positive final investment decision by the Todd Energy board after some very encouraging results from the first few appraisal wells drilled...

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