EXPLORATION

BW Offshore can finally disconnect NZ FPSO

NEW Zealand’s Ministry of Business, Innovation and Employment has signed with BW Offshore for the company to finally demobilise the stranded FPSO Umuroa and disconnect from the Tui oil field in another step in winding up the Tamarind Taranaki saga.

BW Offshore can finally disconnect NZ FPSO

The Crown will pay the costs and work will complete over summer. The full decommissioning cost is estimated at NZ$155 million, though for commercial in confidence reasons the government won't make public...

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