GAS CONDENSATE

Kupe costs set to hit $1.09B

THE final cost of the offshore Taranaki, New Zealand Kupe gas-condensate project looks likely to rise to about $NZ1.33 billion ($A1.09 billion), according to minority partner New Zealand Oil & Gas.

Chief executive David Salisbury revealed the latest increase in capital expenditure at his company's annual meeting in Wellington this morning, saying NZOG now expected to pay as much as $NZ200 million...

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