MARKETS

PEP11 proponent moves to the Land of the Long White Cloud

ADVENT Energy is moving into a series of offshore New Zealand permits held by Austria's OMV in the Taranaki Basin, taking a 30% share Mitsui handed back to the operator last year.

Helen Clark

PEP11 proponent moves to the Land of the Long White Cloud

OMV and its joint venture vehicle OMVSapura hold the three permits, none of which have a well obligation. BPH Energy, which has been in a trading halt since last year, said late yesterday Advent...

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