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OMV sells NZ interest for US$50m

Jadestone will acquire OMV’s 69 per cent interest for a price of US$50 million ($73.56 million), which will see the company join other joint venture (JV) partners Horizon Oil (26 per cent) and Cue Taranaki (5 per cent). The field is located in the offshore Taranaki Basin and contains the Maari Project consisting of a …
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