Scandoil  

New Zealand Energy declares future corporate plans


Published Feb 9, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

New Zealand Energy Corp.-2

New Zealand Energy Corp. provides an update with respect to current operations and future corporate plans.

Organisational Restructuring

Significant changes have been made at the NZ operations level to limit (where practicable) cash burn in this low oil price environment.

After a review of the current production and oil price, the company has found it necessary to find further savings. Following a consultation process with staff, several positions have become either redundant or rationalised from the New Plymouth and Waihapa Production plant, and from March 2015 will achieve cost savings in the order of NZ$70,000 per month.

CEO David Robinson said, “The company is focused on our commitment to health, safety and the environment and being a cost effective, efficient and focused operator.”

Tags: New Zealand Energy Corp.




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml