OMV is looking to sell its share of the Maari field off the coast of Taranaki. However, at its announcement of the Maari deal in November last year, Jadestone estimated proved-plus-probable reserves at 13.9 million barrels - over 300 percent more than OMV. "The Maari field is very old and we know that the old platform and the floating vessel have had multiple incidents already. He said it was common for there to be a disparity between what the seller and the buyer estimated reserves to be. The Ministry for Business Innovation and Employment, which is overseeing the permit transfer, estimated decommissioning Maari will cost between $100 million and $200 million.

Source: Stuff December 02, 2020 20:48 UTC