close
MENU
Energy
1 mins to read

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.

Tim Hunter Fri, 02 May 2025

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Subscription

NZ$29.95 / monthly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Fri, 02 May 2025
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
OMV writes off $396m as oil and gas production falls
Energy,
108875
true