Tamarind gets Tui flavour

SYDNEY-based oiler AWE has sold its 57.5% interest in the Tui Area oil fields in New Zealand’s Taranaki Basin to Malayasia-based Tamarind Management.

The sale, which is described as the last step in AWE's divestment plan, will see the Asian firm take operatorship of the three-field project, which started production last decade and was a cash