What’s at stake: The deal gives Sunda Energy assets in Taranaki at a time when New Zealand is looking for more domestic gas supply and trying to attract fresh petroleum investment.
Background: Sunda has been focused on frontier gas exploration in Timor-Leste and the Philippines, and is now buying mature onshore New Zealand fields from Matahio’s Singapore-owned local company.
Main players: Sunda Energy, Matahio Energy, Resources Minister Shane Jones and regulator New Zealand Petroleum and Minerals are central to the transaction.
London-listed Sunda Energy is moving to buy Matahio Energy’s New Zealand assets in a deal Resources Minister Shane Jones said was a positive sign for a sector the Government wanted to rebuild.
The sale and purchase agreement covers Matahio’s producing Cheal, Cheal East and Sidewinder fields in
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Key points
What’s at stake: The deal gives Sunda Energy assets in Taranaki at a time when New Zealand is looking for more domestic gas supply and trying to attract fresh petroleum investment.
Background: Sunda has been focused on frontier gas exploration in Timor-Leste and the Philippines, and is now buying mature onshore New Zealand fields from Matahio’s Singapore-owned local company.
Main players: Sunda Energy, Matahio Energy, Resources Minister Shane Jones and regulator New Zealand Petroleum and Minerals are central to the transaction.
