Jadestone to acquire OMV's Maari Project in NZ

JADESTONE Energy will claim OMV New Zealand’s 69% stake in the Maari Project in the shallow water offshore NZ for a total of US$50 million (A$73 million).

Jadestone to acquire OMV's Maari Project in NZ Jadestone to acquire OMV's Maari Project in NZ Jadestone to acquire OMV's Maari Project in NZ Jadestone to acquire OMV's Maari Project in NZ Jadestone to acquire OMV's Maari Project in NZ

Deal expected to close back end of 2020

 
The Maari Project is a mid-life producing asset located in permit PMP38160 in the offshore Taranaki basin, approximately 80km southwest of NZ's North Island.