Government reaches agreement to remove offshore storage vessel from Tui Oil Field - News Summed Up

Government reaches agreement to remove offshore storage vessel from Tui Oil Field


The FPSO Umuroa moored at the Tui Oil Field, 50kms from the Taranaki coastline. An agreement has been reached between the Government and offshore oil field operators to remove the Umuroa floating production and storage vessel from the Tui Oil Field with taxpayers picking up the tab. The cost is included in the estimated total cost of approximately $155 million for decommissioning the Tui Field, she said. MBIE, on behalf of the Crown, became responsible for the decommissioning of the Tui Oil Field after the liquidation and receivership of Tamarind Taranaki Ltd in December 2019. Taranaki-Daily-News The Umuroa FPSO vessel at the Tui oil field in the Taranaki Basin.


Source: Stuff November 19, 2020 23:40 UTC



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