SapuraOMV Upstream has started production from the Larak gas field as part of the SK408 gas fields in Malaysian waters off the coast of Sarawak. The Larak gas field development was executed within budget, said SapuraOMV Upstream, which is a partnership between Malaysia’s Sapura Energy and OMV Exploration & Production, a subsidiary of Austrian oil […]
Singapore-based Jadestone Energy has agreed to acquire an operated stake of 69% in the Maari Project in the offshore Taranaki basin, New Zealand, from OMV New Zealand, for $50 million. The Maari Project is a mid-life producing asset within permit PMP 38160, which is contained in 100 metres water depth, nearly 80 kilometres southwest of North […]