23 Oct 2020

Another blow to Taranaki oil, gas as Umuroa in liquidation

From Checkpoint, 5:29 pm on 23 October 2020

The Taranaki oil and gas sector has been dealt another blow today with announcement that the operator of the floating production and storage vessel Umuroa has been put into voluntary liquidation. The Umuroa has been sitting on the ill-fated Tui Oil field, which was abandoned by Tamarind Taranaki in December, incurring tens of millions of dollars in costs in the process. Our Taranaki Whanganui reporter Robin Martin has more.