OMV Aktiengesellschaft (OMV), an Austria-based oil and gas company, has been awarded two additional offshore exploration licenses in Norway. Both new licenses, PL 529 and PL 537, are located in the Barents Sea. OMV (Norge) AS will operate PL 537 in a joint venture with Idemitsu Kosan Co., Ltd., Spring Energy Norway AS and SDOE (each 20%). In PL 529, OMV is participating in a joint venture with Eni S.p.A (Eni) (operator, 40%), DONG Energy A/S and Wintershall Norge ASA (each 20%).
The licenses were awarded by the Norwegian ministry of petroleum and energy in the course of the 20th exploration license round.
Helmut Langanger, OMV executive board member, responsible for Exploration and Production, stated: “With our new exploration licenses we are well on track to build a strong position as an exploration operator in Norway. Helmut Langanger, OMV Executive Board member, responsible for Exploration and Production, stated: With our new exploration licenses, we are well on track to build a strong position as an exploration operator in Norway. Recent investments, high quality standards and a strong commitment to the region have proven that OMV is one of the most sustainable companies in the business, operating with a clear strategy for further developments”. Recent investments, high quality standards and a strong commitment to the region have proven that OMV is one of the most sustainable companies in the business, operating with a clear strategy for further developments.
PL 537 covers an area of 597 square kilometers in the Barents Sea, some 240 kilometers north of the North Cape and is currently the northernmost license in Norway. PL 537 covers an area of 597 square kilometers in the Barents Sea, some 240 kilometers north of the North Cape and is currently the northernmost license in Norway.
PL 529 covers an area of 676 square kilometers and is located around 200 kilometers west of Hammerfest. The license covers an area of 676 square kilometers and is located around 200 kilometers west of Hammerfest.
OMV now holds five licenses (of which four are OMV operated) in the Barents Sea, an emerging exploration area with high potential which fits well with OMV’s overall strategic position and portfolio along the Atlantic Margin (West of Shetland, Ireland, Faroe Islands, Norwegian Sea). Norway will continue to play an important role as part of OMV’s core region Northwestern Europe. Norway will continue to play an important role as part of OMV’s core region Northwestern Europe.