 We have a nationwide network of 225 retail sites, and have major commercial, aviation, marine and bitumen businesses. Our New Zealand-wide distribution network includes terminal facilities throughout the country. Shell ventures currently operate around 85% of total New Zealand natural gas production via the Kapuni, Maui and Pohokura gas-condensate fields). Shell produces more than 50% of total NZ natural gas production and a significant proportion of total NZ oil production.
The Kapuni field (Shell 50%), developed in the 1960s, was NZ's first gas field and remains in production. The Maui field (Shell 83.75%) commenced full production in 1979 and has dominated NZ gas production ever since (in 2006 it accounted for around 57% of the country's gas production). In September 2006 production from the Pohokura field (Shell 48%) commenced and, in 2007, it exceeded that of Maui as Maui production declined. Shell continues to focus on maximising the recovery of reserves from its existing major assets whilst looking for ways to improve the efficiency of production processes. Shell owns 50% of Shell Todd Oil Services. Our shareholdings include the New Zealand Refining Company, Fulton Hogan and Loyalty New Zealand (Fly Buys), Liquigas.
Our profitable chemicals business supplies both the New Zealand and Australian markets. |