Block 30/30 (OMV share 100%) lies in the southern region of the Central Graben, adjacent to existing production. The program allows for the re-evaluation of a 2D and 3D seismic data within the first year. After the data has been thoroughly assessed there is an option to drill or drop the acreage within the four year period of the license.
Block 204/13 (OMV share 80%), in the West of Shetland, increases OMV UK's existing significant presence in the region. It is adjacent to the Company's interest in the Suilven discovery and nearby Schiehallion field. The work program involves obtaining 2D seismic data, with the option to drill one exploration well or to drop the acreage within the license period of four years.
Four additional non-operated licenses have also been awarded in the West of Shetland region where OMV cooperates as partner of international consortia.
OMV operated blocks 30/30 OMV (U.K.) Limited (100%*) 204/13 OMV (U.K.) Limited (80%*) Faroe Petroleum Plc (20%) OMV interest blocks 204/4, 5 OMV (U.K.) Limited (15%) Amerada Hess (32.5%), operator ChevronTexaco (32.5%) DONG (20%) 205/1 OMV (U.K.) Limited (20%) ChevronTexaco (40%), operator Statoil (30%) DONG (10%) 213/22, 23, 28 OMV (U.K.) Limited (20%) ChevronTexaco (40%), operator Statoil (30%) DONG (10%) 217/10, 14, 15 OMV (U.K.) Limited (20%) ChevronTexaco (60%), operator Faroe Petroleum (20%)
OMV (U.K.) Limited is a wholly owned subsidiary of OMV Aktiengesellschaft, established in 1987 and headquartered in London. OMV (U.K.) Limited has currently 9 producing fields and more than 40 exploration licenses in the North Sea. The current production is about 15,000 barrel of oil equivalent per day (boe/d).
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