Royal Dutch Shell said Wednesday that it has placed its interests in New Zealand under review.
“New Zealand is a great place to do business and these assets are profitable, well maintained and are an important part of New Zealand’s energy mix,” Jager added.
Shell has about 420 employees in New Zealand, including staff at Shell Todd Oil Services, a joint venture with privately owned Todd Corporation, CNCB said.
According to Shell, its ventures account for about half of New Zealand’s total natural gas production and a significant proportion of the country’s condensate production.
The company’s New Zealand exploration and production centers on three major assets in the Taranaki region and the company is the majority equity holder in the Māui gas and condensate field.
Shell told the Sidney Morning Herald that its plans to sell the Māui gas pipeline will not be affected by the review.