One-Page Deal Sheet
Shell Exits New Zealand in $578MM Deal with OMV
OMV Group Shell plc
Announced Date
March 16,2018
Effective Date
January 01,2018
Close Date
December 28,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
578
Asset/Basin:
{"Taranaki Basin","Great South Basin"}
Transaction Details: Subscribe to see
Shell has inked a deal to sell off its entire portfolio in New Zealand to OMV for $578 million.
The agreement includes Māui, Pohokura and the Tank Farms. Shell has also entered into an agreement with OMV to sell its interest in (and operatorship of) the Great South Basin venture, which includes a drilling commitment currently estimated to be USD 50 million.
This follows a two-year strategic review of Shell’s interests in New Zealand and the sale of Shell’s interest in Kapuni in 2017.
This sale is consistent with the Shell Group strategy of divesting $30 billion worth of assets by end 2018.
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-08-2021 |
-  |
- |
Click here | E&P | |
| Oct-14-2020 |
- |
- |
Click here | E&P | |
| Dec-18-2019 |
- |
- |
Click here | E&P | |
| Oct-14-2019 |
- |
- |
Click here | E&P | |
| Oct-01-2018 |
- |
- |
Click here | E&P |