Frigstad’s Kan Tan IV Spuds in Offshore New Zealand

Frigstad Offshore's Kan Tan IV semi-submersible drilling rig spud in today offshore New Zealand according to an exchange filing. The rig has been working offshore New Zealand for almost exactly a year and is now on contract with OMV New Zealand Ltd which operates license PEP 51313 in the Maari Field offshore Taranaki. Horizon Oil, a 21 percent JV partner on the field … [Read more...]

DOF Subsea Awarded Installation Contract Offshore New Zealand

DOF Subsea has announced today the award of a NOK 150 million subsea installation contract offshore New Zealand from Austrian energy firm OMV. Located 50 miles west of Taranaki, New Zealand, the Maari field with an estimated 51 million barrels of recoverable oil, is majority owned by OMV, a company which has been conducting an "extensive drilling campaign" this year … [Read more...]

Statoil Divests $2.65 Billion in North Sea Assets to OMV

By Balazs Koranyi and Michael Shields OSLO/VIENNA, Aug 19 (Reuters) - Norway's Statoil sold stakes in North Sea oil fields to Austria's OMV on Monday, in a $2.65 billion deal giving the former cash to develop new projects and placing the latter on course to meet ambitious output targets. The deal, which analysts said came at a comfortable premium, gives OMV a foothold in … [Read more...]