Shell's offshore NZ assets keep local programme viable, OMV says

Tue, 04 Sep 2018

By Gavin Evans Sept. 4 (BusinessDesk) - OMV says its purchase of Shell’s offshore assets in New Zealand will help the enlarged group maintain a sufficient exploration and development programme to keep its local activities viable. Gabriel Selischi, the firm’s vice president for its Australasian operations, said hydrocarbons are an important part of New Zealand’s energy mix and that the firm wants to have a sustainable business here. But the small level of exploration activity is a challenge. Bringing rigs to New Zealand is expensive and...

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