The company is currently preparing to disconnect the floating production, storage and offtake unit Raroa, which processes and stores oil at the field, and tow it to a New Zealand port to refurbish and upgrade its process equipment.
OMV said the Maari joint venture, which also includes Australia-listed Horizon Oil, Todd Energy and Cue Energy, chose to bring forward plans to replace the existing swivel on the vessel after a bearing malfunction was identified.
While
