Home » Market News » DirectorsTalk Highlights » OMV begins first major offshore project since buying Shell NZ
Northbridge Industrial Services Plc

OMV begins first major offshore project since buying Shell NZ

Austrian-based oil and gas company OMV has begun its first major offshore project since buying Shell’s New Zealand assets for US$578 million in December.

A giant China Oilfield Services (COSL) operated BOSS jack-up rig pulled up alongside the Pohokura platform off the north Taranaki coast this morning for a three-month well-intervention and maintenance programme.

OMV’s senior vice-president Asia-Pacific Gabriel Selischi said in a statement, the project was designed to ensure that Pohokura’s wells were producing gas at optimal levels.

“Pohokura has been producing gas for New Zealand since production began in 2006 – we want this to continue well into the future,” Mr Selischi said.

 

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.