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Staying consistent with its divestment campaign, supermajor Shell has concluded the $578 million-sale of shares in its New Zealand entities to OMV. Shell has farmed out its assets in Māui, Pohokura, and Tank Farm. Shell’s interest in the Great South basin venture was sold under a separate agreement. Employees of Shell Taranaki Limited and Shell NZ 2011 Limited will become part of OMV New Zealand.
