New Zealand: MEO provides update on sale of Kea’s interest in PEP51153 (Puka)

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

MEO Australia has advised that shareholders of Kea Petroleum have approved the sale of its 70% interest in PEP51153 to Caliera Fund, a privately-owned New Zealand company. PEP51153, located in New Zealand’s onshore Taranaki basin, contains the Puka oil field (currently suspended) and the Shannon oil prospect.