OMV takes on Shell’s interests offshore New Zealand

OMV has completed its acquisition of Shell’s Upstream business in New Zealand for $578 million.

Offshore staff

VIENNA, Austria – OMV has completed its acquisition of Shell’s Upstream business in New Zealand for $578 million.

This comprises a 48% interest inPohokura, the country’s largest offshore gas producing field; 83.75% of the offshore Maui field; and related infrastructure for production, storage, and transportation. 

OMV already held 26% and 10% stakes in Pohokura and Maui, and now assumes operatorship for both fields.

12/28/2018

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