Tamarind debacle sees new laws imposed

CABINET papers published this month show the lengths New Zealand’s government has gone to, to prevent another Tamarind catastrophe which left taxpayers responsible for decommissioning costs of an offshore oil field. 

Tamarind debacle sees new laws imposed Tamarind debacle sees new laws imposed Tamarind debacle sees new laws imposed Tamarind debacle sees new laws imposed Tamarind debacle sees new laws imposed

The FPSO onshore at the Tui oil field

Tamarind held its offshore project via a web of subsidiaries and when it came time to decommission operations, instead liquidated avoiding hundreds of millions of dollars' worth of liabilities.

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