New Zealand Oil & Gas completed the acquisition of a 25% stake in the Mereenie gas field from Macquarie for AUD42.5m.

New Zealand Oil & Gas, an NZX and ASX listed petroleum exploration and production company based in Wellington, New Zealand, completed the acquisition of a 25% stake in the Mereenie gas field from Macquarie, a global investment banking and financial services group, for AUD42.5m.