Todd Energy claims $274m

Todd Energy will go to court next week claiming damages of $274 million from its international partners in Taranaki's Pohokura gasfield.

Todd alleges that from 2006 and each year since then, oil giant Shell and Austrian company OMV had constrained production of the gasfield to 70 petajoules of gas when it could produce at least 85 petajoules.

The case will start in the High Court at Wellington on Monday.

- NZPA