OMV NZ pays record dividend to Austrian parent

Sun, 22 Jul 2012

By Jonathan Underhill July 23 (BusinessDesk) - OMV, New Zealand’s largest producer of liquid hydrocarbons and third-biggest gas producer, posted a record profit in 2011 as it benefited from increased production and improved prices for crude oil. Profit rose 16 percent to $324.9 million in calendar 2011, the local unit of Vienna-based OMV AG said in its financial statements. Sales rose 8.9 percent to $890 million. OMV owns 69 percent of Taranaki’s Maari field, as well as 26 percent of Pohokura gas field and 10 percent of the Maui gas field....

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