Oil tanker w 40,000 barrels to wait months off Taranaki coast

When New Zealand oil company Tamarind Taranaki went into liquidation in November last year, it left the Government holding a big fat oily baby. Laden with 40,000 barrels or 6000 tonnes of crude oil, the FPSO Umuroa sits just 50 kilometres off the Taranaki coast. It looks like a ship, but because it’s attached to the Tui oil field it is considered oil infrastructure and its removal won’t begin until later this year at the earliest. This means the FPSO Umuroa and its crew, will sit idle and potentially uninsured over winter. Producer Jeremy Parkinson has more.

Oil tanker w 40,000 barrels to wait months off Taranaki coast
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