The Commerce Commission will release its draft determination on the application for authorisation regarding the Pohokura gas field on Thursday 15 May. The Commission had initially intended to release the determination today.

The extension will allow further consideration of the application by Preussag, Shell and Todd for authorisation to enter into arrangements to jointly market and sell gas produced from the Pohokura field.

Revised timetable

Submissions on application close - Friday 28 February 2003

Draft Determination issued - 15 May 2003

Submissions on Draft Determination close - tbc

Commission Conference - 2 - 4 July 2003

Commission releases Final Determination - 7 August 2003

Media contact:

Jackie Maitland, Communications Manager

Phone work (04) 924 3708, mobile 029 924 3708