OMV, Todd assets look ripe for Govt gas discovery support

OMV, Todd assets look ripe for Govt gas discovery support
There may yet be more gas in the Maui field, which Government support could unlock. (Image: NZME)
Pattrick Smellie
Oil and gas producers OMV and Todd Energy emerge as the most likely beneficiaries of the Budget 2025 announcement that the Government would invest up to 15% in a new oil and gas field.In a note to clients, Enerlytica’s John Kidd identified the OMV-controlled Maui East discovery offshore Taranaki, Todd Energy’s Karewa block off the coast of Kawhia, and the Toutouwai prospect off the coast of Taranaki, where OMV holds a 70% shareholding.Details of the way the commitment of up to $200 million in government funding would work were...

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