OMV plans $500 million-plus Taranaki investment

Thu, 07 Feb 2019

By Gavin Evans Feb. 8 (BusinessDesk) - OMV expects to invest more than $500 million in Taranaki in coming years to maintain production from the offshore Maui and Pohokura fields. The firm, which in December took over operatorship of the two fields from former partner Shell, is embarking on a “tremendous increase in activity,” says Gabriel Selischi, OMV’s senior vice president for Asia-Pacific. That starts this month with a series of well interventions at Pohokura to restore production from the offshore component of the field. Compressi...

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