Politics

OMV books healthy profit but Maari deal still incomplete


Buyer Jadestone says Govt overhaul of decommissioning regime ‘a central factor’.

OMV owns the Maui gas field off Taranaki.

Austrian-owned oil and gas company OMV New Zealand has reported a sharp lift in profit after last year writing off $499 million from the value of its development and production assets.

OMV, owner of the Maui gas field and 74% owner of the Pohokura field, reported net profit of $121.9m for the year

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