Sharechat Logo

Greymouth Petroleum picks up Shell oil and gas field

By Campbell McIlroy

Friday 1st March 2002

Text too small?
Greymouth Petroleum has reached an agreement with Shell to buy Southern Petroleum Ohanga and Shell's interests in the Kaimiro oil and gas fields for an undisclosed sum. Mark Dunphy's vehicle, Greymouth, is best known for last year's bid to buy Fletcher Energy.

Despite losing out to Shell, Greymouth has benefited from the Fletcher sale by picking up some of the assets the Commerce Commission ordered Shell to dispose of.

In a statement Mr Dunphy said the company also hoped to attract a number of key former Fletcher Energy oil and gas professionals to join its Taranaki team. This latest acquisition still requires approvals and consents but Greymouth expects the deal to go through within the next 30 days.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report
Devon Funds Morning Note - 25 June 2025
June 25th Morning Report
NWF - NZ Windfarms shareholders approve Meridian acquisition
GMT - GMT and GMT Bond Issuer Limited 2025 Annual Report