OMV Teams Up with Wintershall for Abu Dhabi Deal
by Jon Mainwaring
|Thursday, June 21, 2012
Austrian integrated oil and gas firm OMV announced Thursday that it and its German partner Wintershall has signed a deal with the Abu Dhabi National Oil Company (ADNOC) to appraise the sour gas and condensate field in Shuwaihat in the west of Abu Dhabi.
The operator Wintershall will conduct the appraisal phase with OMV, drilling up to three appraisal wells and acquiring 3D seismic over the onshore field – which is located some 16 miles to the west of Ruwais in the Western Region of Abu Dhabi.
In the case of a successful appraisal campaign, ADNOC will participate in the development and production phase of the Shuwaihat field.
"The signing of our first upstream joint venture in Abu Dhabi underlines our exploration and production strategy in the Middle East and strengthens relations with the United Arab Emirates and ADNOC," said OMV CEO Gerhard Roiss in a press statement.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you