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MarketScreener Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  New Zealand Refining Company Ltd    NZR   NZNZRE0001S9

NEW ZEALAND REFINING COMPANY LTD

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New Zealand Refining : RAP Update - 22nd September 2017 (AM)

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09/21/2017 | 08:15pm EST
Pipeline repair: status update Media Release 22 September 2017 11am

The repair team has made good progress overnight. The replacement section has been welded into place and the initial weld inspections have passed. This is an important milestone. The second weld inspection will be carried out tonight.

We remain on track to deliver in the early part of the repair 'window', between mid-day Sunday the 24th and mid-day Tuesday the 26th. Settling, recertification and transport to the airport for use will take another 30 hours.

An inspection of the pipeline insulation along the two kilometre length of the kauri swamp, has confirmed the integrity of the pipeline insulation.

Alternative supply

The jet fuel truck-loading facility trial was completed successfully yesterday evening and jet fuel 'bridging' has now commenced in earnest.

Images of damaged pipe

These images illustrate graphically the damage caused to our RAP (pipeline) by a digger, at the site of the rupture.

Image #1 shows the digger bucket tooth indentation, as well as the scraping and gouging of the digger bucket's travel over the pipe.

Image #2 shows the rupture (tear of metal) which eventuated on Thursday last week, as a consequence of the earlier damage.

Both images indicate how the protective insulation was damaged.

more

INSERT IMAGE #1

status update - 2

Note that a professionally-captioned version of this image will be available by noon today. Please contact Peter Heath (021 456089/ peter@duenorthpr.co.nz) if you require this.

INSERT IMAGE #2

Note that a professionally-captioned version of this image will be available by noon today. Please contact Peter Heath (021 456089/ peter@duenorthpr.co.nz) if you require this.

ENDS

Greg McNeill. M: 021 873623; E: greg.mcneill@refiningnz.com

The New Zealand Refining Company Limited published this content on 22 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 September 2017 00:14:03 UTC.

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EBIT 2019 38,8 M
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