Shell has agreed to sell its New Zealand holdings to OMV for USD 578 MM. The deal includes Maui (PML 381012, Shell 83.75%), Pohokura (PMP 38154, 48%) as well as its operatorship of the Great South Basin venture (PEP 50119, 61%) which includes a drilling commitment, and various infrastructure. Regulatory approval is required prior to completion expected in 4Q â18. Shell had been present in New Zealand for over 100 years. OMV therefore takes charge of ab. 1/2 of NZâs gas production. Word on the street is that so far Asian-focused Sapura Energy will soon be farming-in to OMV acreage in the Taranaki Basin (rumoured PEPâs 51906, 57075, 60091, 60092 + 60093). 
OMV acquires Shell's New Zealand assets for US$578 MM. Concerning are following assets: 48% (->74%) interest in the Pohokura gas field, 83,75% (->93,75%) interest in the Maui gas field, and 60,98% (->82,93%) in explo block PEP 50119.