Shell sells New Zealand assets to OMV

Shell sells New Zealand assets to OMV


The Hague-based LNG giant Shell has completed the sale of its shares in New Zealand entities to OMV for $578 million.

This includes the Māui, Pohokura, and Tank Farm assets, and the sale of Shell’s interest in the Great South Basin venture, which was subject to a separate agreement.

The sale is consistent with Shell’s global drive to simplify the upstream portfolio, Shell said in a statement.

The company also noted the employees of Shell Taranaki and Shell NZ 2011 have all become part of OMV New Zealand.

Share this article

Follow LNG World News

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

6th Mozambique Gas Summit & Exhibition

The CWC Group and ENH would like to thank all attendees, speakers, sponsors and exhibitors…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association…

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >