OMV been awarded an additional exploration license offshore Norway. The new PL517 license is located in the Barents Sea, and will be operated by OMV Norge in a joint venture with Sagex Petroleum Norge.
According to the company, the license was awarded by the Norwegian Ministry of Petroleum and Energy in the course of the APA 2008 round. OMV now has interests in seven licenses in Norway.
The oil exploraiton and produciton company said that, the newly awarded PL517 license in the Barents Sea will be operated by OMV with 60% interest and Sagex Petroleum Norge with 40% interest as partner. As part of the work program, the joint venture will acquire 3D seismic over the license area.
Helmut Langanger, OMV’s executive board member, responsible for exploration and production, said: With our exploration license we are able to build a position as an exploration operator in Norway.
OMV (Norge) AS is a wholly owned subsidiary of OMV Exploration & Production GmbH, established in 2005 and headquartered in Stavanger. OMV (Norge) AS currently has interests in seven licenses: three in the Barents Sea, two in the Norwegian Sea and two in the North Sea; five licences are operated by OMV.
