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MBIE agrees to pay cost of releasing chained oil ship

Deal resolves impasse on decommissioning Tui oil field.

Tim Hunter Thu, 19 Nov 2020

The government has agreed to pay the costs of disconnecting floating oil production vessel Umuroa from the defunct Tui oil field off Taranaki.

In a statement, the Ministry of Business Innovation & Employment said it had signed an agreement with the vessel’s owner, a subsidiary of Oslo-listed

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Tim Hunter Thu, 19 Nov 2020
Contact the Writer: thunter@nbr.co.nz
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MBIE agrees to pay cost of releasing chained oil ship
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