OMV farms out 30% of deep-sea Pegasus oil licence to Statoil

Mon, 15 Feb 2016

By Pattrick Smellie Feb. 16 (BusinessDesk) - Austrian oil and gas producer OMV's New Zealand arm is to farm out 30 percent of its interest in the deep-sea Pegasus Basin, off the east coast of the lower North Island, to the Norwegian state oil company, Statoil. OMV gained a 15-year exploration licence under Petroleum Exploration Permit 57073 in the New Zealand government's 2014 block offer. Statoil first took exploration licence acreage in the 2013 block offer and is planning to search for oil and gas in the Reinga basin, off the north-...

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