OMV writes off $396m as oil and gas production falls
A sales process for the Austrian group’s New Zealand assets was called off in December after failing to find a buyer.
The Maari oil rig off Taranaki, part of the OMV portfolio.
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Oil and gas producer OMV, owner of majority stakes in the Pohokura and Maari fields, has written off $395.5 million from the value of its production assets after a campaign to sell them failed to find a buyer.
In financial statements filed to the Companies Office, OMV New Zealand reported a net loss
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