Oil and gas company, Tamarind Taranaki, is estimated to owe more than $190m to creditors. A watershed meeting will be held in New Plymouth to settle the company's future. SUPPLIED BTW Offshore, owners of the Umuroa FPSO, pictured at the Tui Field, are owed $38m by Tamarind Taranaki. Tamarind Taranaki is estimated to owe $190m or more to creditors, including $38.1m to BTW Offshore for unpaid contracting services on the FPSO offshore oil facility, Umuroa. A spokesman for administrators Borrelli Walsh said the watershed meeting would be a closed meeting.

Source: Stuff December 12, 2019 19:07 UTC