OMV drops permits, slashing remaining NZ acreage

Thu, 17 Dec 2020

OMV and its partners have surrendered two major offshore permits, almost halving the country’s remaining exploration acreage in the process.The firm, operator of the Maui and Pohokura gas fields, is surrendering rights to 9,800 square-kilometres of ocean off the Wairarapa coast that it has held since late 2014. OMV and its partners Beach Energy and Mitsui & Co are also surrendering the 16,715 sqkm Great South Basin permit in which they unsuccessfully drilled the Tawhaki-1 well off the Otago coast earlier this year.The surrenders,...

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