Tamarind assumes operatorship of Tui oil fields

AWE has completed the sale of its 57.5% interest in the Tui area oil fields offshore New Zealand to Tamarind Management.

Offshore staff

NORTH SYDNEY, Australia – AWE has completed the sale of its 57.5% interest in the Tui area oil fields offshore New Zealand to Tamarind Management.

The cash consideration is $1.5 million before tax, with an estimated completion payment to Tamarind of $2.2 million for purchase price adjustments.

Tamarind will in the process become operator of the fields and assets.

03/01/2017

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