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Oil firm ordered to decommission field, to cost nearly $100 million

Malaysia oil field

The decommissioning of Malaysian oil and gas firm Tamarind Taranaki Ltd.'s Tui oil field following a spill is expected to cost $155 million New Zealand ($99.5 million), reports. The Environmental Protection Authority of New Zealand has ordered the company to decommission the field after oil was found in water around 400 meters from a floating oil and gas storage and offloading unit that Tamarind was using.

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