Shell exits New Zealand

New Zealand

WELLINGTON, December 28, 2018 – Shell has wrapped up the sale of its New Zealand assets to OMV for USD 578 million, the super-major announced on Friday.

The assets include an operated stake in the Great South Basin project as well as Māui, Pohokura, and Tank Farm stakes.

“We are proud of having worked in New Zealand for more than 100 years and completion of the sale to OMV marks an important milestone in the company’s history,” Zoe Yujnovich, Shell’s executive vice-president for Australia and New Zealand, said.

“Shell staff in New Zealand, past and present, have been key to building a successful New Zealand business. I wish our colleagues all the very best as OMV takes the business forward.”