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EXPLORATION

Octanex, OMV land Taranaki permit

OCTANEX and Austrian giant OMV have won another offshore Taranaki exploration lease, to the south...

OMV New Zealand will operate the new lease, PEP 53537, with a 65% interest, while Octanex holds a 35% stake - the same participating interests as in their adjoining PEP 51906 licence. PEP 53537 is the...

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